3 Book Exercise 5-16 (Algo) Cash discounts-ROI LO 5-5 Answer the following questions assuming a 360-day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount terms. b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Complete this question by entering your answers in the tabs below. Print Required A Required B rences Calculate the approximate annual rate of return on investment of the following cash discount terms: Note: Do not round intermediate calculations. Enter your answers as a percentage rounded to 1 decimal place (ie, 32.1). 1. 2/15, net 30 ROI 2 4/10, net 60 % 3. 2/10, net 90. % Book Print D Exercise 5-16 (Algo) Cash discounts-ROI LO 5-5 Answer the following questions assuming a 360-day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount terms: b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Complete this question by entering your answers in the tabs below. Required A Required B ferences Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Customers are not likely to pay promptly with terms of < Required A Required D