Assume the operation of your business resulted in sales of $730,000 last year. Year-end receivables are $150,000 with sixty days of average collection period. You are considering factoring the receivables. Estimate the dollar amount you would receive if the factor charges an 9 percent discount and charges an additional 0.7 percent for each expected fifteen-day average collection period over thirty days.

Group of answer choices

$667,220

$137,100

$134,400

$654,080

$91,000