Your accountant has approached you with a proposal to improve cash flow by offering a prompt payment discount to trade debtors. Sales per annum are 14,000,000, 50% of which are cash sales, and 50% are on credit, and trade debtors are currently averaging 146 debtor days. The proposal is a reduction in debtor days to an average of 73 debtor days. The company funds its working capital at a cost of 4% pa. If the discount offered is 0.5%, what would be the cost or saving of implementing the proposal, assuming it is accepted by all trade debtors