P18-13 (similar to) Question Help (Related to Checkpoint 18.2) (Evaluating trade credit discounts) If a firm buys on trade credit terms of 3/15, net 50 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 365-day year)? The annualized cost of the trade credit terms of 3/15, net 50 is %. (Round to two decimal places.)