Pacific Traders has annual sales of $1,724,684. The firm's financial manager has determined that using a lockbox will reduce collection time by 3.9...

Pacific Traders has annual sales of $1,724,684. The firm’s financial manager has determined that using a lockbox will reduce collection time by 3.9 days. If the firm’s opportunity cost on savings is 4.9 percent, The savings from using the lockbox are $____ per year?

Question :Pacific Traders has annual sales of $1,724,684. The firm’s financial manager hasdetermined that using a lockbox will reduce collection time by 3.9 days. If the firm’sopportunity...