Cost of Financing Receivables: Paisley Co has sales of $30 million for the previous year, receivables at the year-end were $5 million, and the cost of financing receivables is covered by an overdraft at the interest rate of 10% per year. It is now considering offering a cash discount of 2% for payment of debts within 10 days. (a) calculate the receivables days for Paisley (b) calculate the annual cost of financing receivables. (c) Should it be introduced if 40% of customers will take up the discount