113. I am need help solving this problem for my corporate finance homework and was hoping someone could help me with it and provide work shown with the correct answer!

Your firm purchases goods from its supplier on terms of 1.4/15, net 35 . a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 35? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 45 ? (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 35 ? If your firm chooses not to take the discount and makes its payment on day 35. the effective 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 its payment on day 45 ? If your fim chooses not to take the discount and makes its payment on day 45, the effective annual cost is % (Round to one decimal place) Your firm purchases goods from its supplier on terms of 1.4/15, net 35 . a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 35? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 45 ? (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 35 ? If your firm chooses not to take the discount and makes its payment on day 35. the effective 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 its payment on day 45 ? If your fim chooses not to take the discount and makes its payment on day 45, the effective annual cost is % (Round to one decimal place)