Credit Policy Evaluation Harrington plc is considering a change in its cash-only policy. The new terms would

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Credit Policy Evaluation Harrington plc is considering a change in its cash-only policy. The new terms would be net one period. Based on the following information, determine whether Harrington should proceed or not. The required return is 2.5 per cent per period.

Current policy New policy Price per unit (£) 91 94 Cost per unit (£) 47 47 Unit sales per month 3,850 3,940

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