TT Co. has annual credit sales turnover of $9,000,000. Currently its average trade receivables are $1,500,000. The company is considering offering an early payment discount of 2%. It is anticipated that 60% of its customers will take the offer. As a result of the discount, it anticipates that its trade receivables will fall to $1,000,000 on average. The company's required rate of return is 10%. What will be the net change in the financial impact on IT Co. if it decides to offer the discount? Select one: O a. Annual cash gain of $49,500 O b. Annual cash loss of $108,000 O c. Annual cash loss of $58,500 O d. Annual cash loss of $58,000