8.11Intercity Commuters Limited (ICL) flies people between Victoria and Vancouver. Last year an average $100 flight had a $35 contribution margin and $5 fixed costs per customer. Credit sales totalled $2,500,000 with an average collection period of 70 days and $50,000 in bad debts. The company maintains a revolving line of credit at a 10% interest rate. ICL is looking at expanding its credit collection efforts by hiring an additional person at an annual salary of $35,000. ICL estimates that bad debts could be reduced by 75% and the average collection period reduced to 30 days. However, the more stringent credit terms would likely reduce sales by 7%. Required: Should the business implement the new credit controls