A company with annual sales of $24,000,000 is considering changing its payment terms from net 40 to net 30 to encourage customers to pay more promptly. The company forecasts that customers would respond by paying on day 34 rather than day 44 as at present (assume a 360 Detailed support for above numbers: Daily sales Average age of A/R (days) Variable cost s Old investment in A/R New daily sales Average age of A/R (days) Variable cost \% New investment in A/R Net decrease in A/R balance New daily sales Change in average age of A/R (days) Contribution margin % Change in AVR based on profit portion Other W/C change (given in problem) Change in adtoinistrative costs (given in problem) Decrease in sales Contribution margin \% Net decrease in contribution margin Change in admin costs (from above) Change in contribution margin (from above) Net taxable change Tax rate Net change in taxes B Present value of cash inflows Present value of cash outfiows Net present value B Present value of cash inflows Present value of cash outflows Net present value C Annual cash outflow Investment in A/R Internal rate of return D Allowed annual cost Actual annual cost Net annual benefit E Double click and put your answer here