Chris Angle can borrow from its bank at 20 percent to take a cash discount. The terms of the cash discount are 25/12 net 60 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? No O Yes