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If average daily remittances are $4 million, and "extended disbursement float" adds 12 day

If average daily remittances are $4 million, and "extended disbursement float" adds 12 day

If average daily remittances are $4 million, and "extended disbursement float" adds 12 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 13% on excess funds.

a) $6,240,000

b) $6,345,000

c) $6,255,000

d) $0

manish jayant 10-Apr-2020

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