A company factors $250,000 of accounts receivable on a with recourse basis. The recourse provision has a fair value of $2,000. The factor retains 10% of the receivables to cover possible future sales discounts, returns, and allowances, and assesses a finance charge of 3% of the receivables. How much cash does company receive in initial transaction? a. $217,500 b. $219,500 c. $227,000 d. $242,500