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Little Kimi Clothiers can borrow from its bank at 17 percent to take a cash discount T terms of the cash discount are 3/19 net

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Little Kimi Clothiers can borrow from its bank at 17 percent to take a cash discount T terms of the cash discount are 3/19 net 90 a. Compute the cost of not taking the cash discount. (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places Cost of hoi akin a cash discount b. Should the firm borrow the funds? Yes O No

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