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Computer Depot Inc. sells on terms of 3/15, net 40. What is the implicit cost of trade credit under these terms? Use a 365-day year.

Computer Depot Inc. sells on terms of 3/15, net 40. What is the implicit cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form. Please choose the correct answer from the list (44.15%; 22.88%; 10.98%; 45.15%; 15.63%)

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