2. Harbour view Hardware provides the following data: Current annual credit sales = 12 000 000 Collection period 2 months Terms net/30 Required rate of return 15% The firm proposes to offer a 3/10, net /30. The firm anticipates 25% of its customers will take advantage of the discount. As a result of the discount policy, the collection period will be reduced to 1 12 months. Required: Should the firm offer the new discount policy to its customers?