Shortening the credit periodA firm is contemplating shortening its credit period from 30 to 20 days and believes that, as a result of this change, its average collection period will decline from 36 to 28 days. Bad-debt expenses are expected to decrease from 1.4% to 1.1 % of sales. The firm is currently selling 11,700 units but believes that as a result of the proposed change, sales will decline to 9,700 units. The sale price per unit is $56, and the variable cost per unit is $45. The firm has a required return on equal-risk investments of 25.4%. Evaluate this decision, and make a recommendation to the firm.(Note: Assume a 365-day year.)