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)

Group of answer choices

8.16%

4.08%

12.24%

24.49%

18.39%

None of them

29.39%

2.04%

14.69%