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Viale Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on

Viale Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual cost of its trade credit? (Assume a 365-day year) rightarrow REMINDER rightarrow COST OF MISSING THE 2/10 DISCOUNT 17.81% 19.66% 23.45% 27.43%

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