Answer the following questions assuming a 360-day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount terms: b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Complete this question by entering your answers in the tabs below. Calculate the approximate annual rate of return on investment of the following cash discount terms: Note: Do not round intermediate calculations. Enter your answers as a percentage rounded to 1 decimal place Answer the following questions assuming a 360 -day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount terms: b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Complete this question by entering your answers in the tabs below. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Customers are not likely to pay promptly with terms of