Your firm purchases goods from its supplier on terms of 1.3/11, net 40 a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 50? (Hint: Use a 365-day year.) a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40? if your firm chooses not to take the discount and makes ts payment on day 40, the efective annual cost is. (Round to one decimal place.) b. What is the effective annual cost to your firm if it chooses not to take the discount and makes ts payment on day 507 your frm chooses not to take the discount and makes its payment on day 50, the effective annual cost is . (Round to one dermal place