Mathematics · Commercial Arithmetic

An exporter evaluates a Forfaiting proposal for a series of Promissory Notes received from a buyer. The terms are: - Total Face Value: 1,000,000 USD. - Tenure: 360 days (1 year). - Discount Rate: 7.5% per annum (straight discount basis). - Days of Grace: 5 days (added to tenure for discount calculation). - Commitment Fee: 0.75% per annum, applicable for a period of 60 days. Calculate the Net Cash Inflow for the exporter on the date of discounting, assuming a 360-day year standard.