Lion plc has $35 000 000 per year in credit sales. The finance committee is considering offering a discount to encourage customers to pay for goods within 4 weeks instead of the normal 8 weeks. They propose a 5% discount and expect that 60% of the customers to take the discount. Sales are not expected to be affected and working capital is financed by short-term borrowings at the rate of 7% Required: i) is this proposal worth considering. (10 Marks) ii) What is the maximum discount Lion plc can offer its debtors. (5 Marks) iii) Assess the factors that determine the optimum working capital for a manufacturing company. (15 Marks)