Falcon Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 60 days after the invoice date. Net purchases amount to $720,000 per year. what is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? 12.07% 10.86% 16.55% 13.41% 14.90%