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2. Memphis Metro just made a $75,000 purchase from a supplier, subject to the extension of suitable trade credit terms. Because of Memphis Metro's strong

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2. Memphis Metro just made a $75,000 purchase from a supplier, subject to the extension of suitable trade credit terms. Because of Memphis Metro's strong balance sheet and stellar credit rating, the firm's most recently issued line of credit is priced at 3.65 percent. Calculate the present value of this cash outflow assuming trade credit terms of a. 30 days b. 45 days 60 days c

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