4, Problem 19-8 (bookmatch) HW Score: 50%, 2 of 4 points Points: 0 of 1 Question list Skip to Main content Question 1 Question 2 Question 3 Question 4 Question content area top Part 1 Your supplier offers terms of 1/10, net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45 ? (Hint: Use a 365-day year). Question content area bottom Part 1 The effective annual cost is enter your response here%. (Rounded to two decimal places.)