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Your firm has an average receipt size of $145. A bank has approached you concerning a lockbox service that will decrease your total collection time by one day. You typically receive 7,100 checks per day. The daily interest rate is 0.017 percent. The bank charges a lockbox fee of $135 per day. If the NPV of accepting the lockbox agreement is 235382.35
What would the net annual savings be if the service were adopted? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Net annual savings $
(Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,100,000 and cash expenses (including both fixed and variable costs) of $600,000, while increasing depreciation by $180,000 per year. In addition, the f..
Suppose a company will issue new 25-year debt with a par value of $1,000 and a coupon rate of 10%, paid annually. The tax rate is 35%. If the flotation cost is 5% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shiel..
Discussion surface area and volume play a role in marketing products, such as advantages and disadvantages. Give specific examples and include related information when appropriate, such as surface area, lateral area, cross section, etc.
On July 1, an investor holds 50,000 shares of a certain stock. The market price is $29 per share. The investor is interested in hedging against movements in the market over the next month and decides to use the September Mini S&P 500 futures contract..
Company is replacing existing equipment with new equipment which can replicate what the existing machine does and also support a new product line.
At year-end 2013, Wallace Landscaping total assets were $1.1 million and its accounts payable were $305,000. Sales, which in 2013 were $2.9 million, are expected to increase by 30% in 2014. Total assets and accounts payable are proportional to sales,..
Your client is 35 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $15,000 per year; and you advise her to invest it in the stock market, which you expect to provide an average re..
Woidtke Manufacturing's stock currently sells for $32 a share. The stock just paid a dividend of $2.75 a share (i.e., D0 = $2.75), and the dividend is expected to grow forever at a constant rate of 4% a year. What stock price is expected 1 year from ..
You borrowed $45 from a friend and after ten months repaid $50.. What monthly interest rate did you pay? (xx.xx%) What nominal annual interest rate did you pay? (xx.xx%) What was the annual effective rate?
Gene and Dixie, husband and wife (ages 45 and 42), both work. They have an adjusted gross income of $50,000 in 2012, and they are filing a joint income tax return. Both have an employer-provided retirement plan at work. What is the maximum IRA contri..
Stone got a 4% 30- year mortgage for $295,200. His bank sent him a statement to notify him of his new monthly PITI payment, $1809 ( $1409 for principal and interest, $308 for taxes and $92 for homeowner's insurance). How much interest will Stone pay ..
You are holding a bond with an annual coupon rate of 3.5% that matures in 11 years. Bonds recently issued of similar risk have a coupon rate of 4%. What should your bond sell for in the secondary market?
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