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