24. The finance manager at the firm is considering offering a 10% cash discount for payments made within 10 days. The firm's sales volume is 100,000 units per annum. It's finance manager expects that changes to its credit terms will result in an increase in sales to 110,000 units, that 50% of customers will take the discount and that the Average Collection Period will drop to 30 days. In addition, the finance manager believes that bad debts will fall from 2% of annual sales to 1%. State whether the firm should make this change to its collections policy and explain why or why not? (Show all workings)