Adams Manufacturing Inc. buys $11.4 million of materials (net of discounts) on terms of 2/10, net...

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Adams Manufacturing Inc. buys $11.4 million of materials (net ofdiscounts) on terms of 2/10, net 50; and it currently pays after 10days and takes the discounts. Adams plans to expand, which willrequire additional financing. If Adams decides to forgo discounts,how much additional credit could it obtain? Enter your answer as apositive value. Do not round intermediate calculations. Round youranswer to the nearest cent. Use 365 day in a year.
? $
What would be the nominal and effective cost of such a credit?Do not round intermediate calculations. Round your answers to twodecimal places. Use 365 day in a year.
Nominal cost: ? %
Effective cost: ? %
If the company could receive the funds from a bank at a rate of7.85%, interest paid monthly, based on a 365-day year, what wouldbe the effective cost of the bank loan? Do not round intermediatecalculations. Round your answer to two decimal places.
? %

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Adams Manufacturing Inc. buys $11.4 million of materials (net ofdiscounts) on terms of 2/10, net 50; and it currently pays after 10days and takes the discounts. Adams plans to expand, which willrequire additional financing. If Adams decides to forgo discounts,how much additional credit could it obtain? Enter your answer as apositive value. Do not round intermediate calculations. Round youranswer to the nearest cent. Use 365 day in a year.? $ What would be the nominal and effective cost of such a credit?Do not round intermediate calculations. Round your answers to twodecimal places. Use 365 day in a year.Nominal cost: ? %Effective cost: ? %If the company could receive the funds from a bank at a rate of7.85%, interest paid monthly, based on a 365-day year, what wouldbe the effective cost of the bank loan? Do not round intermediatecalculations. Round your answer to two decimal places.? %