Little Kimi Clothiers can borrow from its bank at 14 percent to take a cash discount. The terms of the cash discount are 2/16 net 60. 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? O Yes O No