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Kyle Corporation needs P150,000 to funds its increasing sales demand.The company purchased the goods on account on terms of 5/10, n/30. The firm's bank will

Kyle Corporation needs P150,000 to funds its increasing sales demand.The company purchased the goods on account on terms of 5/10, n/30. The firm's bank will lend P250,000 at 18%. A 10% compensating balance will be required. Compute the cost of funds.

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