16. X is equal to 37. Assume all sales are one-time credit sales with a probability of a collection of 96 percent. The variable cost per unit is $1.67, the sales price per unit is $4.99, and the monthly interest rate is 1+ x percent. What is the NPV of a credit sale of one extra unit?

A) $3.073 B) $3.026 C) $2.981 D) $2.936 E) $2.892