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Question 17 (5 points) Listen A new supplier has offered your firm the credit terms 1/10, Net 40 on a $1,000,000 order. Late payments are

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Question 17 (5 points) Listen A new supplier has offered your firm the credit terms 1/10, Net 40 on a $1,000,000 order. Late payments are assessed a 20% late fee. Assuming the cost of capital (1) is 10%, what is the amount of the payment if the firm opts to pay 12 days late? Inercell (Days-CPfee/365) PV (Days) 1-676)) 365 $992.437 $995.125 $987.104 None of the above

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