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19 Atlanta Cement, Inc. buys on terms of 2:15. net 30. It does not take discounts, and it typically pays 75 days after the invoice

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19 Atlanta Cement, Inc. buys on terms of 2:15. net 30. It does not take discounts, and it typically pays 75 days after the invoice date Net purchases amount to $720.000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? a 12.41% b. 9.81% c 10.55% d. 14.77% e. 13.28%

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