$($Related to Checkpoint $18\mathrm{.}2)($Evaluating trade credit discounts$)$ If a firm buys on trade credit terms of $5/15,$ net $90$ and decides to forgo the trade credit discount and pay on the net day,

what is the annualized cost of forgoing the discount $($assume a $365-$day year$)?$

The annualized cost of the trade credit terms of $\frac{5}{15},$ net $90$ is

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