Question $5,$ P$15-8($similar to$)$

HW Score: $50\%,4$ of $8$ points

Part $1$ of $5$

Points: $0$ of $1$ will drop to $34$ days and the bad debts percentage will fall to $1\%.$ Determine whether the company should make this change if their cost of capital is $1\mathrm{.}0\%$ per month. $($Note: Use a $365-$day year.$)$