"We must get it," Erickson Santos, president of Industrial Fasteners, roared. "Without it, we're in big trouble." The "it" Mr. Santosreferred to is the renewal of a 20million loan with ManilaFirst Bank. The big trouble he fears is the lack of funds necessary to repay the existing debt and few, ifany, prospects for raising the funds elsewhere.Mr. Santoshad just hung up the phone after a conversation with a bank vice-president in which it was made clear that this years statement of cash flows must look better than last years. Mr. Santosknows that improvements are not on course to happen. In fact, cash flow projections were dismal.Later that day, TimothyDela Cruz, assistant controller, was summoned to Mr. Santoss office. Dela Cruz, Santosbarked, Ive looked at our accounts receivable. I think we can generate quite a bit of cash by selling or factoring most of those receivables. I know it will cost us more than if we collect them ourselves, but it sure will make our cash flow picture look better. Discuss the following: 1.Facts of the case 2.The ethical issue and the stakeholders 3.Valuesinvolved 4.Alternative course of actions 5.Evaluation of alternatives in terms of values 6.Possible consequences of alternatives 7.Decision