Cash Management, accounting homework help

If the company has $5 million per day in collections and $3 million per day in disbursements, how many dollars will the cash management system free up? Justify your answers.
If the company can earn 8 percent per annum on freed-up funds, how much will the income be? Justify your answers.
If the annual cost of the new system is $800,000, should it be implemented? Explain why or why not.

Assignment 2 Grading Criteria	Maximum Points
Correctly calculated that amount in dollars the cash management system will free up and justified the response.	30
Correctly calculated income and justified response.	30
Clearly explained if the new system should be implemented.	30
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.	10
Total:	100