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Ajax, Inc. purchases $22 million of material on terms of 2/10, net 30, and it currently pays within 10 days and takes discounts. Ajax intends to...

Ajax, Inc. purchases $22 million of material on terms of 2/10, net 30, and it currently pays within 10 days and takes discounts. Ajax intends to expand and will need additional financing. If Ajax decides to forgo discounts, how much additional credit could it get, and what would be the nominal cost of that credit?

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Ajax, Inc. purchases $22 million of material on terms of 2/10, net 30, and it currently pays within
10 days and takes discounts. Ajax intends to expand and will need additional financing. If Ajax...

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