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10.15 Ace Discounters buys $600000 of invoices for a 4.3% fee. Ace collects 90% of the debts in 30 days and 10% in 61 days.

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10.15 Ace Discounters buys $600000 of invoices for a 4.3% fee. Ace collects 90% of the debts in 30 days and 10% in 61 days. If funds cost Ace 6.0% pa, and assuming the costs of collecting the debts amounts to 2% of face value per month for debts collected within 30 days and 3% of face value per month for debts collected within 2 months, was this deal worth doing for Ace? Why? How could Ace manage a better outcome

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