Little Kimi Clothiers can borrow from its bank at $16$ percent to take a cash discount. The terms of the cash discount are $\frac{3}{16}$ net $85.$

a$.$ Compute the cost of not taking the cash discount. $($Use $365$ days in a year. Do not round the intermediate calculations. Round the

final answer to $2$ decimal places.$)$

Cost of not taking a cash discount

b$.$ Should the firm borrow the funds?

No

Yes