(Evaluating trade credit discounts) If a firm buys on trade credit terms of /, net and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 365-day year)? Question content area bottom Part 1 The annualized cost of the trade credit terms of 2/10, net 60 is enter your response here%. (Round to two decimal places.)