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Question 16 (5 points) Listen A new supplier has offered your firm the credit terms 3/10, Net 60 on a $1,000,000 order. Assuming the cost

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Question 16 (5 points) Listen 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 (1) is 10%, what is the amount of the payment if the firm takes the discount? InvoicePrice(1-d) = PVp 1+(35) (Days) $987.295 $977,322 $967.350 None of the above

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