Question: Problem 8-6 Chris Angle can borrow from its bank at 14 percent to take a cash discount. The terms of the cash discount are 25/15

Problem 8-6 Chris Angle can borrow from its bank at 14 percent to take a cash discount. The terms of the cash discount are 25/15 net 85. a. Compute the cost of not taking the cash discount (Use 365 days in a year. Round intermediate cakulations to 4 dedinal places Round the final answer to 2 decimal places.) Cost of not taking a cash discount 26 b. Should Chels borrow the funds? NO

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