Question: RCD sells cars in R-land, where the currency is the R$. At the start of 20X2, RTW introduced more favourable credit terms and, as a result, credit sales have increased from R$800,000 in 20X1 to R$1,200,000 in 20X2. Receivable days have risen from 35 days in 20X1 to 72 days in 20X2. RTW's cost of borrowing is 8%. Calculate the increase in RCD's cost of financing trade receivables between 20X1 and 20X2. Give you answer to the nearest whole R$. Do not include symbols, commas or letters in your response.