Simple​ Simon's Bakery purchases supplies on terms of 1.7/10 , net 30. If Simple​ Simon's chooses to take the discount​

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Simple​ Simon's Bakery purchases supplies on terms of 1.7/10 ,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 of11.8% on borrowed funds. Should Simple​ Simon's enter the loanagreement with the bank and begin taking the​ discount? (Hint: Use365 days for a​ year.)
The cost of forgoing the discount is __%.
​(Round to one decimal​ place.)
Part 2
Should Simple​ Simon's enter the loan agreement with thebank and begin taking the​ discount?  ​(Select the bestchoice​ below.)
A.
Simple​ Simon's should enter into the loan agreement butnot begin taking the discount.
B.
Need more information to answer the question.
C.
Simple​ Simon's should not enter into the loan agreementbut should begin taking the discount.
D.
Simple​ Simon's should enter into the loan agreement withthe bank and begin taking the discount.