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ittle Kimi Clothiers can borrow from its bank at 19 percent to take a cash discount....

ittle Kimi Clothiers can borrow from its bank at 19 percent to take a cash discount. The terms of the cash discount are 3/10 net 75. a. Compute the cost of not taking the cash discount. (Use 365 days in a year. Do not round the intermediate calculations. Round the final answer to 2 decimal places.) Cost of not taking a cash discount %

b. Should the firm borrow the funds? Yes No

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