Shortening the credit periodA firm is contemplating shortening its credit period from 40 to 30 days and believes that, as a result of this change, its average collection period will decline from 45 to 36 days. Bad-debt expenses are expected to decrease from 1.6 % to 1.1 % of sales. The firm is currently selling 11 comma 700 units but believes that as a result of the proposed change, sales will decline to 9 comma 700 units. The sale price per unit is $ 56, and the variable cost per unit is $ 47. The firm has a required return on equal-risk investments of 11.2 %. Evaluate this decision, and make a recommendation to the firm.(Note: Assume a 365-day year.)