Your company has credit sales of $4,745,000 and take 30 days to collect. Maddy has developed a strategy to reduce this c

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answerhappygod
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Your company has credit sales of $4,745,000 and take 30 days to collect. Maddy has developed a strategy to reduce this c

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Your company has credit sales of $4,745,000 and take 30 days to collect. Maddy has developed a strategy to reduce this collection time to 23 days. How much would this system be worth to your company if its cost of borrowing is 5%?
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