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JJ Ltd buys raw material from Tan-supplies on terms of 3/10, net 30. What is the effective annual cost to JJ Ltd if it chooses

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JJ Ltd buys raw material from Tan-supplies on terms of 3/10, net 30. What is the effective annual cost to JJ Ltd if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to 30 days? (Round your answer in percentages to 2 decimal places)

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