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Question 2 (30 points) Your firm purchases goods from its supplier on terms of 3/15, Net 40. a. What is the effective annual cost to

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Question 2 (30 points) Your firm purchases goods from its supplier on terms of 3/15, Net 40. a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40 ? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 50

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