c) A supplier's policy on its accounts receivable is 2/15, net 45. A customer foregoes taking the discount and opts to pay in 45 days. Compute the effective annual rate of interest the customer incurs by not taking advantage of the discount. d) A factor arranges to lend to a borrower K500,000 that calls for a 15% haircut on an accounts receivable. Calculate the proceeds the borrower will receive from the factor if the total charges including interest are K82,000. An unlevered firm (D/C = 0) and a levered firm (D/C = 50%) have the same capitalization of K1.0 million, the same EBIT of K1,000,000, a common stock par value of K10 per share, and a tax rate of 40%. Suppose the cost of debt is 7%, calculate the degree of financial leverage of both firms at this point in time. If the unlevered firm has an assigned P/E of 10 times, and the levered firm has a P/E of 9 times, compute the stock prices of these two companies