Please help me figure out the first three questions and please show me the calculation process if possible thank you.

\\Vrlltshi-re 0:113 a wholesale supply business in Tasmania. The rm is in the process of re\\ iemng t e management of 1ts current assets, in particular, the collection of its accounts receivable and the payment of its suppliers. The information about Wiltshire's current operations 15 as follows: $2,000,000 Cost of Goods sold $1,500,000 $300,000 Accounts receivable avera_e $220,000 $140,000 Wiltshire's management proposes the following courses of action to improve the efciency of its working capital: 1 Reduce the Account Receivable Collection Period by 10 days. Wiltshire estimates that the impact of this measure might be a loss of 1% in the volume of sales (assuming unit selling price and cost remain constant) 2 Forego the trade credit discount of 1% offered by suppliers. Foregoing this discount will cost Wiltshire about $5,000 annually. On the other hand, the Accounts payable Deferral period will be extended by 15 days. Assume that the company's cost of capital is 10%. Required a What is the current cash conversion cycle for Wiltshire? [4 marks] b What will be the cash conversion cycle if both courses of action proposed by Wiltshire's management are adopted ? [1.5 marks] c From a nancial management perspective, should Wiltshire forego the benefit of the trade credit discount offered by its suppliers? Justify your answer btwmg appropriate calculations. ,3 . k [3.5 marks]