our boss has asked you to take a closer look at your company$$s credit policies. You have been given the following information:

Accounts receivable balance: $$560,000$

Average daily sales: $$12,342$

Weighted average cost of capital: $11\%$

Your firm$$s days sales outstanding $($DSO$)$ is $.$

Your boss is unhappy with your company$$s DSO and wants to bring it down to the industry average of $25$ days. The marketing department told you that they expect sales to grow by $16\%$ next year. This means that your company can expect to have an accounts receivable balance of next year.