apter 7 homework Question 3 (of 4) value 10.00 points Problem 7-17 Wontaby Ltd. is extending its credit terms from 30 to 45 days. Sales are expected to increase from $4,780,000 to $5,880,000 as a result. Wontaby finances short-term assets at the bank at a cost of 10 percent annually. Calculate the additional annual financing cost of this change in credit terms. (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Annual financing cost References eBook & Resources Worksheet Objective: 07-04 resulting from the firm's cr credit, and evaluate a cre sales. Check my work imple format for docx COMM2215-Prog doc | 16 F3 00 F4 FS F6 FI F2