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Little Kimi Clothiers can borrow from its bank at $12$ percent to take a cash discount. The terms of the cash discount are $2/15$ net $60.$

a$.$ Compute the cost of not taking the cash discount. $($Use $365$ days in a year. Do not round the intermediate calculations. Round the final answer to $2$ decimal places.$)$

Cost of not taking a cash discount $$

b$.$ Should the firm borrow the funds?

$$ Yes

$$ No