A firm is considering paying its suppliers using electronic payments versus paper checks. Given an i of 10%, calculate the cost per payment of using paper checks. Assuming the cost per payment for the paper option is $7,419.40, should the firm adopt electronic payments? Why? PV=[1+(365tD)]CF Yes, even though the firm loses float time with electronic payments, the lower per item cost offsets the lost float time. No; even though paper checks are more expensive, holding onto the funds longer offsets the incremental per item cost. The firm is indifferent because the average payment is $7,500 regardless of payment method Not an answer choice