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Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $3,080,000 of

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Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $3,080,000 of merchandise from Motoguzzie, with payment due in six months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.74% per annum. Motoguzzie has a weighted average cost of capital of 10.6%. Bank of America is willing to buy Motoguzzie's bankers' acceptance for a discount of 6.3% per annum. What would be Motoguzzie's annualized percentage all-in cost of financing its $3,080,000 Australian receivable? (NOTE: Assume a 360-day year.) The bankers' acceptance foe is $(Round to the nearest cent.) The discount on the sale of acceptance is $(Round to the nearest cent.) Calculate the amount received by Motoguzzie below: (Round to the nearest cent.) Bankers' Acceptance Face amount of bankers' acceptance Less acceptance for for 6-month maturity Loss discount on sale of acceptance Amount received The annualized porcentage all-in cont (AIC) % (Round to three decimal places.) $ $

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