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Wontaby Ltd. is extending its credit terms from 45 to 60 days Sales are expected to increase from $475 million to $5 85 million as

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Wontaby Ltd. is extending its credit terms from 45 to 60 days Sales are expected to increase from $475 million to $5 85 million as a result Wontaby 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 SC CS

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