The Western Bank has been discussing the possibility of implementing a lockbox system for one of its customers. Thus far, the bank has gathered the following information about the customer's account: 
What is the net present value of adopting the proposed lockbox system?
A) -$26,820
B) -$1,005
C) $9,360
D) $11,280
E) $37,360
Correct Answer:
Verified
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