3. A retail dealership purchases some new Old Town canoes to stock in its stores. Examining the merchandising terms of the manufacturer, Old Town, the dealership notices that it would be eligible to receive a 35% trade discount, 15% volume discount, and 3% loyalty discount. Because it is January and Old Town are out of season, Old Town offers a seasonal discount of 12% for purchases made before January 30. If the MSRP for the Old Town canoe is $24,799.00 and the dealership purchases this item on January 15. e. What price would it pay? f. Show your formula and the calculation used