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Determine the approximate annual cost of not taking discount

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Reference no: EM132613858

Question 1: Hidro Ltd is offered trade credit terms of 2/8 net 40. The firm plans to forgo the discount. Determine the approximate annual cost of not taking the discount.

Option a. 2%

Option b. 28.12%

Option c. 8%

Option d. 22.96%

Reference no: EM132613858

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