Simple Simon's Bakery purchases supplies on terms of 1.5/10, net 30. 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 11.7% 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 year.) The cost of forgoing the discount is %. (Round to one decimal place.) Should Simple Simon's enter the loan agreement with the bank and begin taking the discount? (Select the best choice below.) O A. Need more information to answer the question. OB. Simple Simon's should enter into the loan agreement with the bank and begin taking the discount O C. Simple Simon's should enter into the loan agreement but not begin taking the discount. OD. Simple Simon's should not enter into the loan agreement but should begin taking the discount