A firm invoices a customer requiring full payment within 180 days, and offers a discount of 1.1% if paid in full within 75 days. What is the implied effective annual interest rate of the discount offered to the customer? a) 4.12% b) 3.92% c) 2.58% d) 3.47% Question 5 (1 point) What is the firm's average production cycle? a) 62 days b) 41 days c) 55 days d) 34 days