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The company has always followed the policy to take any cash discounts on goods purchased. Recently, the company purchased a large amount of raw

The company has always followed the policy to take any cash discounts on goods purchased. Recently, the

The company has always followed the policy to take any cash discounts on goods purchased. Recently, the company purchased a large amount of raw materials at a price of $875,000 with terms 1/10, n/40 on which it took the discount. Carla has recently estimated its cost of funds at 10%. Should Carla continue this policy of always taking the cash discount? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 12.25%.) Annual interest Carla continue the policy. %

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