Complete P16-2 on page 665 of the text. As always, show your work. Reminder: N = the number of days payment can be delayed. For example, if terms are 1/10 net 40: N = 30. P16-2 Cost of giving up cash discounts Determine the cost of giving up the cash discount under each of the following terms of sale. (Note: Assume a 365-day year.) a. 2/10 net 30 b. 1/10 net 30 c. 2/10 net 45 d. 3/10 net 45 e. 1/10 net 60 f. 3/10 net 30 g. 4/10 net 180