XYZ Corporation has a 10% opportunity cost of funds. The firm has annual sales of $30 million a year, which are 80% on credit and spread evenly over the year. The average collection period is currently 60 days. XYZ is considering to offer terms of " 2/10, net 60 ". What would be the average collection period, if 70% of its credit sales customers will take the discount? None of them \begin{tabular}{l} \hline 30 days \\ \hline 35 days \\ \hline 25 days \\ \hline 20 days \end{tabular} XYZ Corporation has a 10% opportunity cost of funds. The firm has annual sales of $30 million a year, which are 80% on credit and spread evenly over the year. The average collection period is currently 60 days. XYZ is considering to offer terms of " 2/10, net 60 ". What is the annual return (yield) for the customers who take the discount? (nominal rate assuming 360 days a year) \begin{tabular}{l} \hline 29.39% \\ \hline 8.16% \\ \hline 24.49% \\ \hline 12.24% \\ \hline 2.04% \\ \hline 4.08% \\ \hline \end{tabular} None of them 18.39% 14.69%