Answer the following questions assuming a 360-day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount terms: (Do not round intermediate calculations. Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).) ROI 1. 4/15 net 30 % 2. 5/10 net 60 3. 1/10 net 90

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