Russel Food Equipment is trying to decide whether to change its accounts receivable collection policy. The total cost of its existing policy is $236,644. (Do not recalculate this number.) Information on the proposed policy follows: Administrative cost of new policy: $58,000 Units sold on credit per year under the existing 2,000 policy: % reduction in unit sales under the proposed policy: 10% Unit sales price: $1,250 Contribution margin per unit: $600 Collection period in days under the proposed policy: 40 days Interest rate on line of credit: 12% Bad debts under the proposed policy: $o Determine the cost of switching to the proposed accounts receivable policy. Should Russel proceed with the new policy? Why or why not? Show all your work