Empire Corporation has a client who wants to purchase $800,000 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 return of 12% APY. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet xls Click to open: $148,213.71 $152.489.01 o $154,985.86 $156,776.98 Empire Corporation has a client who wants to purchase $800,000 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 return of 12% APY. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet xls Click to open: $148,213.71 $152.489.01 o $154,985.86 $156,776.98