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14. Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 115. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.)(2 points) 1.7.12 b./7.6594 6 58 c.16.669 15. Klose Klose outfitters Inc. believes that its optimal capital structure consists of 60 %common equity and 40% debt, and its tax rate is 40%. Klose must raise additional capital to fund its upcoming expansion, the firm will have $2 million of retained earnings with a cost of 12%. New common stock in an amount up to $6 million would have a cost of 15%. Furthermore, Klose can raise up to $3 million debt at an interest rate of 10% and an additional $4 million of debt at 12%. The CFO estimates that a proposed expansion would require an investment of $5.9 million. What is the WACC for the last dollar raised to complete the expansion?(3 points) BARA