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Nakatomi Lexus.Nakatomi Lexus buys its cars from Lexus Motors (U.S.), and sells them to U.S. customers. One of its customers is EcoHire, a car rental

Nakatomi Lexus.Nakatomi Lexus buys its cars from Lexus Motors (U.S.), and sells them to U.S. customers. One of its customers is EcoHire, a car rental firm that buys cars from Nakatomi Lexus at a wholesale price. Final payment is due to Nakatomi Lexus in six months. EcoHire has bought USD806 comma 000 worth of cars from Nakatomi, with a cash down payment of USD177 comma 320 and the balance due in six months without any interest charged as a sales incentive. Nakatomi Lexus will have the EcoHire receivable accepted by Alliance Acceptance for a 1.7 % fee, and then sell it at a 2.6 % per annum discount to Wells Fargo Bank. a. What is the annualized percentage all-in cost to Nakatomi Lexus? b. What are Nakatomi's net cash proceeds, including the cash down payment? (NOTE: Assume a 360-day year.)

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a. What is the annualized percentage all-in cost to Nakatomi Lexus? b. What are Nakatomi's net cash proceeds, including the cash down payment? (NOTE: Assume a 360-day year.) The amount financed is $ (Round to the nearest cent.)

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