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QUESTION 12 Company Als currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or taking out a loan.

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QUESTION 12 Company Als currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or taking out a loan. They owe the supplier $14,647, and they can borrow the money from Bank B, which has offered to lend the firm $14,647 for 2 months at an APR of 12% (compounded). The loan has a 1.16% loan origination fee. What would be the cost for Company A If they decide to borrow from Bank B7 NOTE: Answer in percentages. If your answer is 0.0204, you must answer 2.04. Do not use the "%" sign

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