11. The Selby Gaming Manufacturing Company has experienced a severe cash squeeze and must raise $200,000 over
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11. The Selby Gaming Manufacturing Company has experienced a severe cash squeeze and must raise $200,000 over the next 90 days. The company has already pledged its receivables in support of a loan. Still, it has $570,000 in unencumbered inventories. Determine which of the following financing alternatives is better.
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