Downtown Bank provides lockbox services. They estimate that you can reduce your average mail time by 1.6 days and your combined clearing and processing time by .5 days by implementing their system. Your firm receives 654 checks a day with an average value of $975 each. The current T-Bill rate is .009 percent per day. Assume a 365-day year. The bank will charge your firm $.17 per check. What is the net present value from installing this system?