Power Tool Co. owes $60,000 to one of its suppliers. The supplier has offered a trade discount of 3/10 net 40. A) What is the cost of foregoing the discount? B) As an alternative to the supplier loan, Powertool has two other options. They can borrow the funds from elther of two banks, National Bank will loan the funds for 30 days at a cost of $650, BMO offers a discounted loan for 30 days at a cost of $480. What is the annual interest rate on each of the loans? C) Which alternative should Power Tool select for funding? Format BIU HI acer SSL o edd Y * % 5 a> AT 7 8 2 9 3 0 VA E R T P son F G H c B IN M