Should the change to wire transfers be made

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Reference no: EM131072128

Pronet has an annual sale of $724 million from its 600 retail stores. Pronet can reduce its mail float by 2 days through the use of wire transfers. The annual cost of the wire transfers is expected to be $105,610. If Pronet's cost of short term funds is 9.75 percent, should the change to wire transfers be made? Assume 365 days per year.

Reference no: EM131072128

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