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uestion 16 4 points Cypress Systems Inc. of Florida, agrees to sell specialized hydroponic growing equipment to Landcaster's of Australia. Because the two companies have

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uestion 16 4 points Cypress Systems Inc. of Florida, agrees to sell specialized hydroponic growing equipment to Landcaster's of Australia. Because the two companies have never done business with each other. Cypress requires a banker's acceptance as payment for the $1,000,000 order. The banker's acceptance carries 1,4% commission per annum and payment is to be received in 6 months. If Cypress Inc. chooses to discount or sell the banker's acceptance to its bank, the discount rate is 100% per annum What is the total Cypress can expect to receive if the firm takes payment today? (4 points) 5993.000 5995.000 5988.000 O 5996,000

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