Affleck Inc.$\text{'}$s business is booming, and it needs to raise more capital. The company purchases supplies on terms of $2/10,$ net $40,$ and it currently takes the discount. One way of acquiring the needed funds would be to forgo the discount, and the firm's owner believes she could delay payment to $50$ days without adverse effects. What would be the effective annual percentage cost of funds raised by this action? $($Assume a $365-$day year.$)$

$24\mathrm{.}49\%$

$20\mathrm{.}24\%$

$14\mathrm{.}23\%$

$5\mathrm{.}38\%$