A small manufacturing firm has been offered trade payment terms of 2/10, net 30, but has decided not to take the discount. What is the firm's cost of failing to take the discount? Select one: O a. 18.37% o b. 12.24% O c. 36.73% o d. Cannot be determined from the information provided The full cost of interest being paid by a borrower (ie., the APR) is reflected in the: Select one: O A. Discount rate of interest O B. Standard rate of interest O C. Effective rate of interest O D. Nominal rate of interest n Failing to take the trade discount would be most costly for which of the following offers? ed Select one: O a. 3/10, net 30 o b. 3/10, net 40 O c. 2/10, net 40 O d. 2/10, net 30 n