Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which will affect the actual cost asset being sold for the buyer and the seller. Free Spirit Industries Inc. buys most of its raw materials from a single supplier. This supplier sells to Free Spirit on terms of 2/15, net 45. The cost per period of the trade credit extended to Free Spirit, rounded to two decimal places, is Free Spirit's trade credit has a nominal annual cost of , assuming a 365-day year, (Note: Round all intermediate calculations to four dedimal places, and your final answer to two decimal places.) If Free Spirit Industries Inc.'s supplier shortens its discount period to five davs, this will the cost of the trade credit