Currently, the cash cycle of a company is 60 days. At present, the company has an investment of Rs.50 crore in the operating cycle and the annual cost of the fund is 12%. If the company reduces its payment period by 10 days, it will thereby increase the cash cycle to 70 days. What would be the change in profit as a result of a change in the payment policy?

Group of answer choices

Decrease in profit by Rs. 0.1644

Increase in profit by Rs. 0.1644

Decrease in profit by Rs. 1.369

Increase in profit by Rs. 1.369