B3)"New issue of capital is costlier than the retained eam differ? Section C A company is Phoposed terms of credit a Policy Terms Sales sales of Rs 16,00,000 and it extends a credit of 90 days to its customers herewith r in order inacia difficulties, it is considering to change the credit policy. The and expected sales are given 75 Days 15,00,000 6C Days 1450,000 45 Days 14.25,000 IV | 30 Days 1350,0001 15 Days 13,00,000 capital is 12% The firm has a variable cost of 80% and fixed cost of Rs One Lakh. The cost of Evaluate the different proposed policies and suggest which policy should be adopted ( Year may taken as 360days )