Lexicon Has a Daily Average Check Collections of $180,000 and It

Lexicon has a daily average check collections of $180,000 and it takes the firm 5 days before it can completely process those checks.An automated lockbox system that costs $33,000 a year would reduce the processing time by 2 days.Should Lexicon invest in this system if the opportunity cost of short-term funds is 12.3 percent?

A) Yes, savings of $44,280
B) Yes, savings of $33,420
C) Yes, savings of $11,280
D) No, loss of $10,860