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Your firm just received an order from a customer. Before receiving a cash inflow, your firm must go through the days inventory held and days
Your firm just received an order from a customer. Before receiving a cash inflow, your firm must go through the days inventory held and days sales outstanding periods, which are 30 and 60 days, respectively. Assuming a sales amount of $1,000 and a discount rate of 3.65%, the present value of this cash inflow is closest to:
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$994.04 $995.68 $997.02 $991.08
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