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Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars. Sydney Wholesale Imports has purchased $3.070,000 of

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Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars. Sydney Wholesale Imports has purchased $3.070,000 of merchandise from Motoguzzie, with payment due in five months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.75% 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 58% per annum What would be Motoguzzie's annualized percentage all-in cost of financing its 53,070,000 Australian receivable? (NOTE: Assume a 360-day year) The bankers' acceptance feels (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 fee for 5-month maturity $ Less discount on sale of acceptance $ Amount received $ The annualized percentage all-in cost (AIC) is % (Round to three decimal places) Enter any number in the edit fields and then continue to the next question Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars. Sydney Wholesale Imports has purchased 53,070,000 of merchandise from Motoguzzie, with payment due in five months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.75% 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 5.8% per annum. What would be Motoguzzie's annualized percentage all-in cost of financing its $3,070,000 Australian receivable? (NOTE: Assume a 360-day year.) THIS COUTUROWE TRES CURIE 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 3070000 Less acceptance fee for 5-month maturity s Less discount on sale of acceptance $ Amount received $ The annualized percentage all-in cost (AIC) is % (Round to three decimal places.) Enter any number in the edit fields and then continue to the next

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