Great Munchies (GM) Corporation has a variable operating cost ratio of 60 percent, its cost of capital is 12 percent, and current sales are P 100,000. All of its sales are on credit, and it currently sells on terms of net 30. Its accounts receivable balance is P 20,000. GM is considering a new credit policy with terms net 45. Under the new policy, sales will increase to P 120,000, and accounts receivable will rise to P30,000. What is the net profit (net loss) from the implementation of the proposed plan? Select the correct response P12,000 net loss P42,000 net loss None of these P8,000 net profit P7,819 net profit