Question 1 a. What are the main differences between spontaneous and negotiated financing? (Use a table to list the key differences.) b. When should a financial manager borrow short-term money to take advantage of a cash discount? Explain your answer. c. Erica Koh works in an accounts payable department. She has tried to convince her boss to take the discount on the " 3/10 net 45 " credit terms most suppliers offer by obtaining a loan and paying on the last day of the discount period, but her boss argues that giving up the 3% discount and paying on the last day of the credit period is less costly than a short-term loan at 14%. Who is right