Credit Policy Evaluation The Harrington Corporation is considering a change in its cash-only policy. The new terms
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Credit Policy Evaluation The Harrington Corporation is considering a change in its cash-only policy. The new terms would be net one period. Based on the following information, determine if Harrington should proceed or not. The required return is 2.5 percent per period.
Current Policy New Policy Price per unit $104 $108 Cost per unit $ 47 $ 47 Unit sales per month 3,240 3,295
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Related Book For 
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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