P16-6 (similar to HW Score: 0%, 0 of 8 points O Point: 0 of 1 Save Early Payment discount decisions Praine Manufacturing has four possible suppliers, all of which offer different credit terms Except for the differences in credit tema, their products and services are virtualy identical. The offered by these suppliers are shown in the following table (Note Assume a 365-day year) a. Calculate the approximate cost of giving up the cash discount from each suppler b. If the firm needs short-term funds, which are currently available from ts commercial bank at 10%, and each of the supplens is viewed separately, which, if any of the suppliers cash discounts should the firm give up? c. Now assume that the firm could stretch by 30 days its accounts payable (net period only) from supplier M. What impact any would that have on your answer in part breath? a. The approximate cost of giving up the cash discount from supplier J is % (Round to two decimal places) Data table (Click on the icon located on the top-right comer of the data table below in der to copy its contents into a spread) Supplier Credit terms 1/540 ECM 4000 OM L 1/1000 EOM M 3000 EU Print Done