Question: JTM is considering purchasing a new 3-D printer costing $665,000. The manufacturer is offering a payment plan in which JTM pays 10% down and finances

JTM is considering purchasing a new 3-D printer costing $665,000. The manufacturer is offering a payment plan in which JTM pays 10% down and finances the rest over 24 months at $27,000/month. What is the implicit financing rate? If JTM's WACC is 7.0%, should it accept the financing offer? Price Implicit cost of credit
Cash price
Down payment
Monthly payment
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Cash price minus down payment
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