edit terms, calculate the cost of giving up the early pay- til ment discount. d. If the firm's cost of short-term financing is 8%, what would you recommend in regard to taking the discount or giving it up in each case? 5-4 Early payment discount versus loan Joanne Germano works in an accounts pay- able department of a major retailer. She has attempted to convince her boss to take the discount on the 1/15 net 65 credit terms most suppliers offer, but her boss argues that giving up the 1% discount is less costly than a short-term loar at 7%. Prove to whoever is wrong that the other is correct. (Note: Assume a 365-day year.) S Borrow or pay cash for an asset Mark and Stacy McCoy are set to move in room ta Personal Finance Problem first apartment. They visited Levin Furniture, looking for a dining inolly one of the more expensive home furr