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FLT Company purchases supplies on terms of 2110, net 30, and it currently takes the discount. One way of acquiring the needed funds would be

FLT Company purchases supplies on terms of 2110, net 30, and it currently takes the discount. One way of acquiring the needed funds would be to forgo the discount, and the firm's owner believes she could delay payment to 40 days without adverse effects. What would be the cost of discount forgone? (Assume a 365-day year.)

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