Question: 10. i need help with this problem for my corporate finace class. It would be much appriected if you can show me how you got

10. i need help with this problem for my corporate finace class. It would be much appriected if you can show me how you got the work!

Assume the credit terms offered to your firm by your suppliers are 4/5, net 45 . Calculate the cost of the trade credit if your firm does not take the discount and pays on day 45 . (Hint Use a 365-day year.) The cost of trade credit is \%. (Rounded to two decimal places.)

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