) Major Electronics sells 85,000 personal stereos each year at a price per unit of $55. All sales are on credit; the terms are 3/15, net 40. The discount is taken by 40 percent of the customers. What is the investment in accounts receivable? What is the average collection period? What is the present value of the present policy assuming that the cost of debt is 10%? In reaction to a competitor, Major Electronics is considering changing its credit terms to 5/15, net 40, to preserve its sales level. Evaluate the planned change if the forecast sales increase by 0%, 10%, and 20%.