Kiwi is a company providing delivery services for the food and beverages sector. Kiwi's management is considering the use of factoring to reduce the cost of credit control by 65,000 per annum. The identified factoring company will charge a fee of 3% of sales. It will provide an advance to Kiwi company of 82% of its receivables and charge interest on this advance of 9% per annum. i.Assess whether it is financially beneficial for Kiwi to enter this factoring arrangement, considering that it currently has average trade receivables of 300,000 and annual sales of 1.6 million. You are required to show all your workings..Considering your answer to the previous point, as well as wider aspects, discuss the possible advantages and disadvantages of factoring