Lexicon has a daily average check collections of $180,000, and it takes the firm 5 days before it can completely process those checks. an automated lockbox system that costs $33,000 a year would reduce the processing time by 2 days. should lexicon invest in this system if the opportunity cost of short-term funds is 12.3%? why or why not?

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?