The Boyd Corporstion has annual credit sales of $1.96 minion. Current expenses for the collection department are 530,000 , bad-debt losses are 1.9%, and the days sales: outstanding is 30 days. The firm is considering easing its collection efforts such that collection expenses will be reduced to $22,000 per year. The change is expected to increase baddebt losses to 2.9% and to increase the doys saies cutstanding to 45 days. In addition, sales are expected to increase to $1,985,000 per year 5 uppose that the opportunity cast of funds is 22%, the variable cost ratio is 77%, and taxes are 40%. Assuming a 365 -day year, calculate the cout of carrying receivables under the current policy and the new policy. Enter your answers as positive values. Do not round intermediate calcuitationt. Mound your answers to the nearest dollact Gurrent policy: $ New policy: 3 Snould the firm reiak coliedion eflorts