1 Nakatomi Lexus. Nakatomi Lexus buys its cars from Lexus Motors (U.S.), and sells them to U.S. customers. One of its customers is EcoHire, a car rental firm that buys cars from Nakatomi Lexus at a wholesale price. Final payment is due to Nakatomi Lexus in six months. EcoHire has bought USD800,000 worth of cars from Nakatomi, with a cash down payment of USD160,000 and the balance due in six months without any interest charged as a sales incentive. Nakatomi Lexus will have the EcoHire receivable accepted by Alliance Acceptance for a \2 fee, and then sell it at a \3 per annum discount to Wells Fargo Bank. a. What is the annualized percentage all-in cost to Nakatomi Lexus? b. What are Nakatomi's net cash proceeds, including the cash down payment
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