Georgie sells its goods with terms of 3/14 EOM, net 50 . a. What is the implicit cost (effective annual rate) of the trade credit? Express answer as a decimal to 4 decimal places ( 1 mark) Warning: if your answer is 12.25% it must be expressed as 0.1225 Answer: b. Would this answer suggest it is beneficial to take discounts if offered? (1 mark)