$($Related to Checkpoint $18\mathrm{.}2)($Calculating the cost of trade credit$)$ Calculate the annualized cost of the trade credit terms of $\frac{4}{15},$ net $30$ when payment is made on the net

due date $($assume a $365-$day year$).$

The annualized cost of the trade credit terms of $\frac{4}{15},$ net $30$ is

$\%.($Round to two decimal places.$)$