4. firm is considering relaxing credit standards which will result in an increase in annual sales from $3 million to $3.30million, an increase in the cost of annual sales from $2,700000 to $2,970,000, an increase in additional profit contribution from sales of $10,000, and an increase in the average collection period of 15 days, from 20 to 35 days. The bad debt loss is expected to increase from 1 percent to 1.5 percent of sales. The firm's required return on investments is 15 percent. The net result of the firm relaxing its credit standards is (Assume a year.) resulki (o) what. is the tRlge inthe level ef accounts receiv- Cc) what is the chanse in the cost ef carringreceivab d) Wh at isthe chanatih bad debteypense! e) whotis the ne+ effect ct relaring cvedt sta nsla - that is, uhat is the net amount of benefit o cos Shevld the fivm mahe the change