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A new supplier has offered your firm the credit terms 1/10, Net 40 on a $1,000,000 order. Assuming the cost of capital (i) is 10%,

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A new supplier has offered your firm the credit terms 1/10, Net 40 on a $1,000,000 order. Assuming the cost of capital (i) is 10%, what is the amount of the payment if the firm takes the discount? PVD=[1+(365i)(Days)]InvoicePrice(1d) $987,295 $977,322 $967,350 None of the above

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