problem: Cross Collectibles currently fills mail orders from all over the United State and receipts come in to headquarters in Little Rock, Arkansas. The company's average accounts receivable (A/R) is $2.5 million and is financed by a bank loan with 11% yearly interest. Cross is considering a regional lockbox system to speed up collections which it believes will reduce A/R by 20%. The yearly cost of the system is $15,000. find out the estimated net annual savings to the company from implementing the lockbox system?