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7 points To finance additional inventory, Arbutus Ltd, is considering forgoing the cash discount on all of its purchases presently offered in terms of 2/10,

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7 points To finance additional inventory, Arbutus Ltd, is considering forgoing the cash discount on all of its purchases presently offered in terms of 2/10, net 45. No payment will be stretched. Annual purchases are 9.21 million. a) Calculate the additional financing available to Arbutus Ltd. by forgoing the cash discount. b) Calculate the annual cost of forgoing the cash discount

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