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Average daily remittances are $5 million, and "extended disbursement float" adds 3 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 10% on excess funds

$500,000

$1,500,000

$1,000,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9681454

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