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If a company can implement cash management systems and save three days by reducing remittance time and one day by increasing disbursement time based on $2,000,000 in average daily remittances and $2,500,000 in average daily disbursements and their return on freed-up funds is 10%, what is the maximum that they should spend on the system?

Select one: a. $2,000,000 b. $650,000 Incorrect c. $850,000 d. $1,000,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91559500

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