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A company has a 130 day accounts receivable equal to $4.5 million and needs to obtain cash quickly to cover its operating expenses. With a
A company has a 130 day accounts receivable equal to $4.5 million and needs to obtain cash quickly to cover its operating expenses. With a daily factoring fee of .085% and a reserve rate of 30%, if the company chooses to factor its receivables, it will have _________ at origination & a total of __________ at maturity after fees.
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