Collegiate Tuxedo rents out clothes year-round. They have experienced non-payment by around 15% of their clients with an average loss of $200. Collegiate wants to stem its losses by using an instant electronic credit check on the customer. These checks will cost you $7 for each of your 1,000 customers. The opportunity cost is 1.5% for the credit period. Should they chase the credit check? Explain your reasoning.