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You are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days. On an average day, your firm receives 1,380 checks with
![2-EXAMPLE LOCKBOX CALCULATION.pdf - B C D E 1 Using Problem 27-11 (For U.S. Bank Lockbox NPV) SAMPLE COMPANY is considering using a lockbox system to | Course Hero 2-EXAMPLE LOCKBOX CALCULATION.pdf - B C D E 1 Using Problem 27-11 (For U.S. Bank Lockbox NPV) SAMPLE COMPANY is considering using a lockbox system to | Course Hero](https://www.coursehero.com/thumb/8b/6f/8b6fb3874cd39fbed4f77cc3842929779a116191_180.jpg)
2-EXAMPLE LOCKBOX CALCULATION.pdf - B C D E 1 Using Problem 27-11 (For U.S. Bank Lockbox NPV) SAMPLE COMPANY is considering using a lockbox system to | Course Hero
![2-EXAMPLE LOCKBOX CALCULATION.pdf - B C D E 1 Using Problem 27-11 (For U.S. Bank Lockbox NPV) SAMPLE COMPANY is considering using a lockbox system to | Course Hero 2-EXAMPLE LOCKBOX CALCULATION.pdf - B C D E 1 Using Problem 27-11 (For U.S. Bank Lockbox NPV) SAMPLE COMPANY is considering using a lockbox system to | Course Hero](https://www.coursehero.com/thumb/2d/39/2d3960af44a35e6d4c689a90be37a749ef16e54e_180.jpg)