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You are currently re-evaluating your payables policy. Your current suppliers offer terms of 2/10, net 30 with a late payment fee of 1.5 percent per

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You are currently re-evaluating your payables policy. Your current suppliers offer terms of 2/10, net 30 with a late payment fee of 1.5 percent per month. Your annual borrowing rate is 14 percent. Assume a 365 day year. Base your analysis on an assumed 100,000 $ purchase. What is the PV of the cashflow if you are expected to pay the amount on the 50th day of your purchase

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