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If the industry average days sales outstanding is 7 0 days and a firm with sales of $ 1 , 0 3 5 , 5

If the industry average days sales outstanding is 70 days and a firm with sales of $1,035,550 has receivables of $268,700, how much in interest expense cotald the firm save if the receivables turn over as quickly as the industry average and the cost of carrying the receivables is 8%?(assuming a 365-day a year)
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