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help! WOTK Problem 8-2 Cash discount decision (LO8-1) Regis Clothiers can borrow from its bank at 12 percent to take a cash discount. The terms

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WOTK Problem 8-2 Cash discount decision (LO8-1) Regis Clothiers can borrow from its bank at 12 percent to take a cash discount. The terms of the cash discount are 3/17, net 35 a. Compute the cost of not taking the cash discount (Use a 360-day year. Do not round intermediate calculations. Input your final answer as a percent rounded to 2 decimal places.) Cost of not taking a cash discount b. Should the firm borrow the funds? Yes No

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