Please answer Question 8

assume 365 days per year. What is the average level of the company's free trade credit? $187,500$228,596$15,240$5,562,500 QUESTION 6 Based on the information from Question 5 , what is the average level of the company's costly trade credit? QUESTION 7 Based on the information from Question 5 , what is the nominal annual cost of the firm's costly trade credit? 17.6% 21.3% 23.5% 25.2% QUESTION 8 Based on the information from Question 5, vhat is the effective annual cost of the firm's costly trade credit? 17.6% 21.3% 23.5% 25.2%