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Lancaster Lumber buys $ 8 million of materials ( net of discounts ) on terms of 3 / 5 , net 4 5 , and

Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 45, and it currently pays on the 5th day and takes discounts. Lancaster plans to expand, which will require additional financing. Assume 365 days in year for your calculations.

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