Currently, XYZ Ltd sell only on credit and do not offer cash discounts. Management is considering offering a 2% discount for payment within 15 days. Currently, the average collection period is 40 days, sales are 50,000 units, selling price is $40 per unit, and variable cost per unit is $30. If the discount is implemented, it is expected that sales will increase to 55,000 units, that 40% of sales will take the discount, and the average collection period will fall to 25 days. The firm's required rate of return is 10%. What is the net benefit/loss from implementing the proposed plan? Note, use a 365-day year.