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Empire Corporation has a client who wants to purchase 5800,000 of goods on credit. Empire thinks that the client has a 98% probability of paying the full amount in 4 months and a 2% chance of a complete default (paying no cash at all). Assume an investment of 75% of the amount, made at the time of the sale, and a required retum of 12% APY. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls Click to open 5148,21373 $152 489.01 $154,935.86 $156,776,93 Empire Corporation has a client who wants to purchase 5800,000 of goods on credit. Empire thinks that the client has a 98% probability of paying the full amount in 4 months and a 2% chance of a complete default (paying no cash at all). Assume an investment of 75% of the amount, made at the time of the sale, and a required retum of 12% APY. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls Click to open 5148,21373 $152 489.01 $154,935.86 $156,776,93