Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 55 days after the invoice date, Net purchases amount to $720,000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? 18.62% 20.11% 15.27% 14.34% 22.91%