Returnt Regis Clothiers can borrow from its bank at 13 percent to take a cash discount. The terms of the cash discount are 2/18, net 55. a. Compute the cost of not taking the cash discount (Use a 360-day year. Do not round intermediate calculations. Input your final answer as a percent rounded to 2 decimal places.) ants Answer is complete but not entirely correct. Cost of not taking a cash discount 21.72 % b. Should the firm borrow the funds? Yes No