Question: Only answer the LAST TWO QUESTIONS. Ignore the first three questions and answer the last two questions. additional financing. Assume 365 days in year for

Only answer the LAST TWO QUESTIONS. Ignore the first three questions and answer the last two questions.

additional financing. Assume 365 days in year for your calculations. intermediate calculations. Round your answer to the nearest cent. $ What would be the nominal cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places. % What would be the effective cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places. % calculations. Round your answer to two decimal places. % Should Lancaster use bank debt or additional trade credit

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