Question 3 Not yet saved Georgie sells its goods with terms of 3/14EOM, net 50. Marked out of a. What is the implicit cost (effective annual rate) of the trade credit? Express answer as a decimal to 4 decimal places ( 1 mark) Marked out of Warning: if your answer is 12.25% it must be expressed as 0.1225 P Flag question Answer: b. Would this answer suggest it is beneficial to take discounts if offered? (1 mark)