Wright Industries Limited traditionally follows a highly aggressive working capital policy with no long-term borrowings. Below are key details recently compiled: The firm is also proposing to offer a 4/10, net /30 discount policy to reduce accounts receivables. Wrights anticipates 30% of its customers will take advantage of the discount. As a result of this discount policy, the collection period will be reduced to 121 months. The company also provides the following data: Determine: i. the firm's working capital cycle, that is, cash conversion cycle. (4 marks) ii. whether the firm should offer the new discount policy to customers. (6 marks)