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Chris Angle can borrow from its bank at 21 percent to take a cash discount....

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Accounting

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Chris Angle can borrow from its bank at 21 percent to take a cash discount. The terms of the cash discount are 2.5/14 net 65 . a. Compute the cost of not taking the cash discount. (Use 365 days in a year. Round intermediate calculations to 4 decimal places. Round the final answer to 2 decimal places.) Cost of not taking a cash discount % b. Should Chris borrow the funds? No Yes

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