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Andrews Corporation buys on terms of 3/10, net 45 days, it does not take discounts, and it actually pays after 60 days. What is the

Andrews Corporation buys on terms of 3/10, net 45 days, it does not take discounts, and it actually pays after 60 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)

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