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Fluff Pet Store is offered a trade credit agreement with its main supplier in which Fluff receives a 1/10, net 30 credit term on all

Fluff Pet Store is offered a trade credit agreement with its main supplier in which Fluff receives a 1/10, net 30 credit term on all inventory purchases. Fluff would like to the annual financing cost of forgoing the cash discount. What do you think the AFC is for this trade credit term?

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