Emma Is Evaluating a Lock-Box System That Will Reduce Float

Emma is evaluating a lock-box system that will reduce float by 4 days.The firm has annual sales of $52 million and an opportunity cost of 15%.If the lock-box system is adopted,what is the value of funds released?

A) $ 85,479.45
B) $ 142,465.75
C) $ 21,369.86
D) $ 569,863.01