4 Solace Inc purchased inventory worth $25,000 from Bhama Company with credit terms 2/15, n/45 FOB Destination. Assume the company wants to take advantage of the discount but does not have sufficient funds. The company decides to borrow money from the bank in order to take advantage of the cash discount, and repays the bank at the end of the credit period. The bank charges an annual interest rate of 7.50% Required: How much money does Solace Inc save or lose by following this strategy? Assume 365 days in a year. Mc Maple Choce $34897 $27346 $345.89 $268.84