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BioTron Medical, Inc. Brent Bush, CFO of a medical device distributor, BioTron Medical, Inc., was approached by a Japanese customer, Numata, with a proposal to

BioTron Medical, Inc. Brent Bush, CFO of a medical device distributor, BioTron Medical, Inc., was approached by a Japanese customer,
Numata, with a proposal to pay cash (in yen) for its typical orders of 12,700,000 every other month if it were given a 5.3%
discount. Numata's current terms are 30 days with no discounts. Using the quotes and estimated cost of capital for BioTron Medical in the
popup window, , Bush will compare the proposal with covering yen payments with forward contracts. Should Brent Bush
accept Numata's proposal? Assume a 360-day financial year.
How much in U.S. dollars will BioTron Medical receive with the discount?
$ (Round to the nearest cent.)
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
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