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The cost of this alternative is what percentage

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Reference no: EM132942833

Question - Easy Co. has just acquired a large account and needs to increase its working capital by P100,000. The controller of the company has identified a number of sources. One of them is to borrow P125,000 from a bank on a discount basis for one year at 20%. No compensating balance would be required.

Assume a 360-day year in all of your calculations. The cost of this alternative is what percentage?

Reference no: EM132942833

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