Forrester Fashions has annual credit sales of 220,000 units with an average collection period of 67 days. The company has a per-unit variable cost of $17 and a per-unit sale price of $25.50. Bad debts currently are 4.5% of sales. The firm estimates that a proposed relaxation of credit standards would not affect its 67 -day average collection period but would increase bad debts to 6.75% of sales, which would increase to 264,000 units per year. Forrester requires a 16% return on investments. Show all necessary calculations required to evaluate Forrester's proposed relaxation of credit standards. (Note: Assume a 365-day year.) The additional profit contribution from an increase in sales is $ (Round to the nearest dollar.)