Chris Angle can borrow from its bank at $13$ percent to take a cash discount. The terms of the cash discount are $2\mathrm{.}5/15$ net $75.$

a$.$ Compute the cost of not taking the cash discount. $($Use $365$ days in a year. Round intermediate calculations to $4$ decimal places. Round the final answer to $2$ decimal places.$)$

Cost of not taking a cash discount $12\mathrm{.}47\%$

b$.$ Should Chris borrow the funds?

Yes

No

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$4/6/2024$