Forrester Fashions has annual credit sales of 280,000 units with an average collection period of 72 days. The company has a per-unit variable cost of $24 and a per-unit sale price of $36.00. Bad debts currently are 5.5% of sales. The firm estimates that a proposed relaxation of credit standards would not affect its 72 -day average collection period but would increase bad debts to 8.25% of sales, which would increase to 336,000 units per year. Forrester requires a 11% 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.) Forrester Fashions has annual credit sales of 280,000 units with an average collection period of 72 days. The company has a per-unit variable cost of $24 and a per-unit sale price of $36.00. Bad debts currently are 5.5% of sales. The firm estimates that a proposed relaxation of credit standards would not affect its 72 -day average collection period but would increase bad debts to 8.25% of sales, which would increase to 336,000 units per year. Forrester requires a 11% 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.)