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o Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars Sydney Wholesale Imports has purchased $2.970,000

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o Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars Sydney Wholesale Imports has purchased $2.970,000 of merchandise from Motoguzzie with payment due in skx months. The payment will be made with a bankers acceptance issued by Charter Bank of Sydney at a fee of 1 79% per annum Motoguzzie has a weighted average cost of capital of 9,5% 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 $2,970,000 Australian receivable? (NOTE Assume a 360-day year) The bankers' acceptance fee is 5 (Round to the nearest cent) The discount on the sale of acceptance is $(Round to the nearest cont) Calculate the amount received by Motoguzzie below: (Round to the nearest cont.) Bankers' Acceptance Face amount of bankers' acceptance Less acceptance fee for 6-month maturity s Les discount on sale of acceptance $ $ Amount received The annualized percentage all in cont (AIC) 1 % (Round to three decimal places)

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