The Green Transfer Co.utilizes a concentration banking system and is determining whether to request wire transfers or depository transfer checks.What would you suggest,given the following: wire transfer saves 3 days of float but increases costs by $45.The current interest rate is 10% annually.Next year,however,technological changes will occur that reduce the float savings to 2 days from 3,and the incremental costs will be reduced to $35.

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The Answer of The Green Transfer Co.utilizes a concentration banking system and is determining whether to request wire transfers or depository transfer checks.What would you suggest,given the following: wire transfer saves 3 days of float but increases costs by $45.The current interest rate is 10% annually.Next year,however,technological changes will occur that reduce the float savings to 2 days from 3,and the incremental costs will be reduced to $35.