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| Foster, Inc., is considering implementing a lockbox collection system at a cost of $80,000 per year. Annual sales are $90 million, and the lockbox system will reduce collection time by 3 days. If Foster can invest funds at 8%, should it use the lockbox system? Assume a 360-day year. A. Yes, producing savings of $140,000 per year. B. Yes, producing savings of $60,000 per year. C. No, producing a loss of $20,000 per year. D. No, producing a loss of $60,000 per year. |