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What will be the annual net savings?

01 / 10 / 2021 Research Papers

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Float Cash & Liquidity Management 1 answer below » No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $5.2 million in collections a day and requires a $360,000

compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business.

Banks A and B will each handle $2.6 million of collections a day, and each requires a compensating balance of $210,000. No More Books’ financial management

expects that collections will be accelerated by one day if the eastern region is divided. a) What is the NPV of accepting the system? View complete question » No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $5.2 million in collections a day and requires a $360,000

compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business.

Banks A and B will each handle $2.6 million of collections a day, and each requires a compensating balance of $210,000. No More Books’ financial management

expects that collections will be accelerated by one day if the eastern region is divided. a) What is the NPV of accepting the system? b) What will be the annual net savings? Assume that the T-bill rate is 2.6 percent annually. View less » Jan 11 2014 07:26 AM



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