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PLEASE MAKE SURE TO FOLLOW ROUNDING INTSTUCTIONS!!!! Nakatomi Toyota. Nakatomi Toyota buys its cars from Toyota Motors (U.S.), and sells them to U.S customers. One

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PLEASE MAKE SURE TO FOLLOW ROUNDING INTSTUCTIONS!!!!

Nakatomi Toyota. Nakatomi Toyota buys its cars from Toyota 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 Toyota at a wholesale price. Final payment is due to Nakatomi Toyota in five months. EcoHire has bought $210,000 worth of cars from Nakatomi, with a cash down payment of $42,000 and the balance due in five months without any interest charged as a sales incentive. Nakatomi Toyota will have the EcoHire receivable accepted by Alliance Acceptance for a 1.8% fee, and then sell it at a 3.3% per annum discount to Wells Fargo Ban!k hat is the annualized percentage all-in cost to Nakatomi Toyota? b. What are Nakatomi's net cash proceeds, including the cash down payment? (NOTE: Assume a 360-day year.) (Round to the nearest cent.) The amount financed is $ The trade acceptance fee is $ The discount for the period is $ Calculate the proceeds to Nakatomi Toyota below: (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) Trade Acceptance Face amount of sale Less cash down-payment Amount for financing Less trade acceptance fee Less discount for the period Proceeds to Nakatomi Tovota

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