Please provide step by step for this problem. B) DEF Inc....
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Finance
Please provide step by step for this problem.
B) DEF Inc. is currently paying its suppliers on time but faces a liquidity crunch and must decide between borrowing from a bank at an annual rate of 12% and stretching its payables for one quarter beyond the discount period. If it stretches the payables, it will forgo a 2% discount for timely payment. Which alternative would you suggest (based on the cost only)
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