Tanner Co. is a supplier to manufacturers of leather goods and is considering expanding into the luxury auto seat market. Tanner currently generates annual sales of $23 million. It estimates that selling leather to auto manufacturers will bring in additional annual sales of $700,000, all on credit. It's credit terms are 2/10, net 30. Tanner expects an average collection period on the new receivables of 51 days and that 20% of the new customers will take the early payment discount. Its cost of bank debt is 4.75%. By how much, in dollars, will Tanners' accounts receivable and discount expense change if it enters this new market? What will be the cost of any required increase in capital? You must show your work. Tanner Co. is a supplier to manufacturers of leather goods and is considering expanding into the luxury auto seat market. Tanner currently generates annual sales of $23 million. It estimates that selling leather to auto manufacturers will bring in additional annual sales of $700,000, all on credit. It's credit terms are 2/10, net 30. Tanner expects an average collection period on the new receivables of 51 days and that 20% of the new customers will take the early payment discount. Its cost of bank debt is 4.75%. By how much, in dollars, will Tanners' accounts receivable and discount expense change if it enters this new market? What will be the cost of any required increase in capital? You must show your work