Simple Simon's Bakery purchases supplies on terms of 1.4/10, net 30 . It Simple Simon's chooses to take the discount offeced, it must oblain a bank loan to meet its shortherm financing needs. A local bank has quoted Simple Simon's owner an interest rate of 10 . a\% on borrowed funds. Should Simple Simon's enter the loan agreement with the bank and begin taking the discount? (Hint Use 365 days for a yoar.) The cont of forgoing the discount is (Found to one docimal place) Should Simple Simon's enter the loan agreement with the bank and begn taking the dscount? (Select the best choice below) A. Simple simonis should enser into the loan agreement but not begin taking the disoount. B. Need more information to anwwer the question. c. Simple Simocis should enter into the loan agreement with the bunk and begin taking the dicourt. D. Simple Simon's sheuld not enter into the loan agreement but should begin taking the discount