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Bugle Boy Company has an opportunity cost of funds of 10 percent and a credit policy based on net 45 days. If all of its

Bugle Boy Company has an opportunity cost of funds of 10 percent and a credit policy based on net 45 days. If all of its customers adhere to the stated terms and annual sales increase from $4.04 million to $5.98 million, what will be the increased cost of funds tied up in accounts receivable?

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