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A vendor offers terms of 2/10, net 30. The firm does not take the discount and typically pays in 60 days. Use a 365-day year

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A vendor offers terms of 2/10, net 30. The firm does not take the discount and typically pays in 60 days. Use a 365-day year to calculate the annual cost to the firm of stretching its payables. Select one: O a. 12.24% O b. 24.83% O c. 15.87% O d. 14.60% O e. 14.90%

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