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Answer (A) is correct . The following is the formula for the annualized cost of not taking a discount: ? Whether to pay within the discount period is determined by the following calculation: Cost of not taking discount?= [2% ÷ (100% – 2%)] × [360 days ÷ (45 days – 10 days)] ?= (2% ÷ 98%) × (360 days ÷ 35 days) ?= 2.04% × 10.286 ?= 20.98% The cost of not taking the discount is higher than the cost of borrowing. The firm should take the discount.

Answer (B) is incorrect because The cost of trade credit is lower than the cost of borrowing.
Answer (C) is incorrect because Debt is useful for financing.
Answer (D) is incorrect because The correct decision can be determined with the information provided.