3. BioTron Medical, Inc. Brent Bush, CFO of a medi- cal device distributor, BioTron Medical, Inc., was approached by a Japanese customer, Numata, with a proposal to pay cash (in yen) for its typical orders of V10,000,000 every other month if it were given a 5% discount. Numata's current terms are 90 days with no discounts. Using the following quotes and estimated cost of capital for Numata, Bush will compare the pro- posal with covering yen payments with forward con- tracts. Should Brent Bush accept Numata's proposal? Spot rate 107.91/$ 30-day forward rate *107.66/$ 90-day forward rate *106.81/$ 180-day forward rate V105.89/$ Numata's WACC 9.38% BioTron's WACC 7.85%