Simple Simon's Bakery purchases supplies on terms of $\frac{1\mathrm{.}1}{10},$ net $30.$ If Simple Simon's chooses to take the discount offered, it must obtain a bank loan to meet its short$-$term financing needs. A local bank has quoted Simple Simon's owner an interest rate of $11\mathrm{.}1\%$ on borrowed funds. Should Simple Simon's enter the loan agreement with the bank and begin taking the discount? $($Hint: Use $365$ days for a year.$)$

The cost of forgoing the discount is

$\%.($Round to one decimal place.$)$

Should Simple Simon's enter the loan agreement with the bank and begin taking the discount? $($Select the best choice below.$)$

A$.$ Simple Simon's should not enter into the loan agreement but should begin taking the discount.

B$.$ Simple Simon's should enter into the loan agreement but not begin taking the discount.

C$.$ Simple Simon's should enter into the loan agreement with the bank and begin taking the discount.

D$.$ Need more information to answer the question.