Inca Breweries of Peru. Inca Breweries of Lima, Per, has received an order for 11,000 cartons of beer from Alicante Importers of Alicante, Spain, The beer will be exported to Spain under the terms of a letter of credit issued by a Madrid bank on behal of A camte Importers. The fetter of credit specifies that the face value of the shipment. $711,000 U.S. dollars, will be paid 120 dayt after the Madrid bank accepts a draft drawn by Inca Breweries in accordance with the ferms of the letter of credit. The curtent discount rate on 4 -month bankers' acceptance is 7.9% per annum, and inca Breweries estimates its weighted average cost of capital to be 19.5% per annurn. The commission for selling a bankers' acceptance in the discount markot is 1.3% of the face amount. a. What is the difference, in present value terms, between holding the acceptance to maturity versus solling the banker's acceptance today in the money market? b. What woutd you reoommend inca Brewnries do? (NOTE: Assume a 360-day year) a. What is the difterence, in present value terms, between holding the acceptance to maturity versus selling the bariker's acceptance today in the morey market? Allemative 1: If tnca Breweries holds the draft for 120 days after the bank accepts it, inca Breweries will receive the face amount of $711,000. The present value of $711,000 received 120 days hence, discounted at inca's WACC is $ (Round to the nearest cent)