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Wontaby Ltd. is extending its credit terms from 15 to 60 days Sales are expected to increase from $4.71 million to $5.81 million as a

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Wontaby Ltd. is extending its credit terms from 15 to 60 days Sales are expected to increase from $4.71 million to $5.81 million as a result Wontals finances short-term assets at the bank at a cost of 12 percent annually. Calculate the additional annual financing cost of this change in credit terms (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Enter answer in whole dollar not in million.) Annual financing cost $

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