Affleck Inc.'s business is booming, and it needs to increase more capital. The company buys supplies on terms of 1/10, net 20, and it currently takes the discount. One way of getting the required funds would be to forgo the discount, and the firm's owner thinks she could delay payment to 90 days without adverse effects. What would be the effective annual percentage cost of funds raised by this action? (Assume a 365-day year.) 4.93% 3.85% 3.57% 5.54% 4.69%