PLEASE DONT USE AI Poutine Cheez Company has yearly sales of $$410,000$ and an average collection period of $35$ days. A factoring company is offering a $35-$ day receivables loan equal to $84\%$ of

the accounts receivable at $6\mathrm{.}5\%$ along with a commission fee of $0\mathrm{.}75\%$ of the receivables. The firm estimates that by taking the offer, it could save $$150$ in collection costs and

$0\mathrm{.}5\%$ in bad debt costs, as a percentage of sales. What is the annual savings $($in $ terms$)$ of the arrangement with Poutine Cheez? $($Do not enter the $ sign. If your answer is

$$1,234\mathrm{.}56,$ then enter $1234\mathrm{.}56)$

Numeric Response