25. Happy Times currently has an all-cash credit policy. It is considering making a change in the credit policy by going to term of net 30 days. Based on the following information, what is the NPV of the new policy? The required return is 3 percent per month.

a. -146,583

b. 174,250

c. -134,083

d. 186,750

Current Policy $380 260 New Policy $400 250 2,700 Price per unit Cost per unit Unit Sales per month 2,500 Current Policy $380 260 New Policy $400 250 2,700 Price per unit Cost per unit Unit Sales per month 2,500