Simmons Corporation can borrow from its bank at 19 percent to take a cash discount. The terms of the cash discount are 1.5/14, net 55. a. Compute the cost of not taking the cash discount. Note: Use a 360-day year. Do not round intermediate calculations. Input your final answer as a percent rounded to 2 decimal places. Cost of not taking a cash discount % b. Should the firm borrow the funds? Yes No