Marian Corporation purchases on average $1,000,000 worth of materials each day on credit terms of 4/20, n /45. Marian Corporation always pays on day 45, never taking the discount. Marian Corporation does this since they do not collect from customers until the end of each month. Marian could borrow money from a bank at a rate of 20%.

- Explain through computations why it might be better for Marina Corporation to borrow the money from the bank.

** SHOW FULL EQUATIONS. Thanks. **