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Question 16 15 A new supplier has offered your firm the credit terms 3/10, Net 60 on a $1,000,000 order. Assuming the cost of capital

Question 16 15 A new supplier has offered your firm the credit terms 3/10, Net 60 on a $1,000,000 order. Assuming the cost of capital (i) is 10%, what is the amount of the payment if the firm takes the discount? InvoicePrice(1-d) PVD = i 1+ Days 365 O $987,295 $977,322 O $967,350 None of the above

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