ers 6 & 7 assignment K Question 4 (of 5) value 10.00 points Problem 7-16 Bugle Boy Company has an opportunity cost of funds of 10 percent and a credit policy based on net 45 days. If all of its customers adhere to the stated terms and annual sales increase from $4.12 million to $6.14 million, what wil be the increased cost of funds tied up in accounts receivable? (Use 365 days in a year Round the final answer to the nearest whole dollar.) Increased cost of fund References Worksheet Problem 7-16 Learning Objective: 07- resulting from the firm's credit, and evaluate a cr sales Check my work mple format for....docxCOMM2215-Prog....doc 16