Homework: Chapter 19 Homework 2020 Save Score: 0 of 1 pt 11 of 14 (13 complete) HW Score: 85.71%, 12 of 14 pts X P 19-14 (similar to) : Question Help Your firm purchases goods from its supplier on terms of 2.3/11, net 35. a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 35? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 45? (Hint: Use a 365-day year.) a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 35? If your firm chooses not to take the discount and makes its payment on day 35, the effective annual cost is %. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. 1 permaining part Clear All Check Answer remaining