Q4. Messy Inc. purchased a new machine on January 20th, 2019, for $1,000,000 on credit. The supplier has offered M. terms of 3/10, net 55. The current interest rates the bank is offering is 20 percent. (Assume a 360-day year.) 1. Compute the cost of giving up cash discount. 2. Should the firm take or give up the cash discount?