Question 23 25 pts Horizon Inc. has a Canadian receivables contract for $200,000 due in 270 days. The firm has been approached by a factoring firm that offers to purchase the receivables at a 13.6% per annum discount plus a 1.00% charge for a nonrecourse clause. What is the annualized percentage all-in-cost of this factoring alternative? 16.56% 17.07% 16.8296 16,3196 Question 24 2.5 pts An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $260.000. current rates on banker's acceptances are 6%, and the bank charges a commission of 1% per annum, how much will the exporter receive if he sells the acceptance in the secondary market six months prior to maturity? $250,900 $255.725 $246,075 $241,250