What is the annualized percentage all in coast of this


Sunny Coast Enterprises (B). Sunny Coast Enterprises has been approached by a factor that offers to purchase the Hong Kong Media Imports receivalb at 16% per annum discount plus a 2% charge for a non-recourse clause.

A. What is the annualized percentage all in coast of this factoring alternative?

B. What are the advantages and disadvantages of the factoring alternative compared to the alternatives in Problem 7?

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Financial Management: What is the annualized percentage all in coast of this
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