2) The company you work for is negotiating with three suppliers to buy raw materials. All of the suppliers offered the same price but different credit terms. The table below provides information on the credit terms offered by the suppliers. Supplier Credit Terms X 1/10 net 55 2/10 net 30 Z 2/20 net 60 a) Assume a 365-day year and calculate the cost of giving up the cash discount for each supplier. b) The company has to borrow from a bank. at 15% annual interest rate. Evaluate each supplier separately and indicate which supplier(s) offered a convenient credit term