Simple? Simon's Bakery purchases supplies on terms of 1.2 divided by 10 comma net 26. If Simple? Simon's chooses to take the discount? offered, it must obtain a bank loan to meet its? short-term financing needs. A local bank has quoted Simple? Simon's owner an interest rate of 10.5 % on borrowed funds. Should Simple? Simon's enter the loan agreement with the bank and begin taking the? discount? ? (Use 365 days for a? year.) Round to one decimal place.