Problem $8-1($Algo$)$ Cash discount decision $[$LO$8-1]$

Compute the cost of not taking the following cash discounts.

Note: Use a $360-$day year. Do not round intermediate calculations. Input your final answers as a percent rounded to $2$ decimal places.

$\backslash$table$[[,$Cost of Lost Discount$],[$a$.\frac{2}{12},$ net $55,,\%$