Chris Angle can borrow from its bank at 13 percent to take a cash discount. The terms of the cash discount are 2.5/16 net 90 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 [ b. Should Chris borrow the funds? 1% O No O Yes