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As treasurer of the Universal Bed Corporation, AristotleProcrustes is worried about his bad debt ratio, which is currentlyrunning at 7.0%. He believes that imposing a more stringent creditpolicy might reduce sales by 5% and reduce the bad debt ratio to5.0%. Assume current sales are $100.Expected Profit?If the cost of goods sold is 70% of the selling price, what isthe expected profit on the more stringent credit policy?(Do not round intermediate calculations. Round your answerto 2 decimal places.)Expected Profit?