Ben's Bulk Barn sells wholesale wholefoods and one of its suppliers is offering the

opportunity to purchase product on credit terms of net $30$ days from the invoice date with a

$1\mathrm{.}1\%$ cash discount if paid within $4$ days. What is the implicit interest cost of foregoing the

cash discount? $($Important: Please enter your answer to the nearest $10$th of a percent. For

example, $10\mathrm{.}1\%$ should be entered in as $\mathrm{.}101)$

Answer: