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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 materials

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 $772,000 with terms 110,n30 on which it took the discount. Sheffield has recently estimated its cost of funds at 9%.
Should Sheffield 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
%
Sheffield continue the policy.
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