Paladin Enterprises manufactures printing presses for small town newspapers that are often short of cash. To accommodate customers, Paladin offers the following payment terms: 1/3 on delivery 1/3 after 6 months 1/3 after 18 months The Littleton Sentinel is a typically cash-poor newspaper considering one of Paladin's presses. a. What discount is implied by the terms from Paladin's point of view if it can invest excess funds at 8% compounded quarterly? b. The Sentinel can borrow limited amounts of money at 12% compounded monthly. What discount do the payment terms imply to the Sentinel? c. Reconcile these different views of the same thing in terms of opportunity cost