Please assist I’ve used the similar question on Chegg and the answers are still coming out to be wrong when i summit them, please solve and break down. Thank you Alpaca industries has current sales of $600,000. Variable costs are 40% of sales and fixed costs are $288,000. Currently, all sales are cash sales and therefore the company has no bad debts. The company would like to stimulate sales growth and it has found that for every 15 days of credit period given, sales will grow by 2%. However, for every 15 days of credit period, bad debts will increase by 0.75% as a percentage of total sales (for simplicity, assume that all sales will be credit sales once the company starting offering credit). For example, at 15 days, bad debts will be 0.750% of total sales, at 30 days, bad debts will be 1.50% of total sales, etc. REQUIRED: Answer the questions below: What credit period would result in the largest net income? ______ Days What would be the largest profit? What would be the cash needed to fund the sales at this point? This is the average receivables balance using he credit period you used in Q1 above (assume 365 days in a year).