6. Firm X is evaluating a proposal to extend credit to a group of new customers. The new customers will generate an average of $30,000 per day in new sales. On average, they will pay in 60 days. The variable cost ratio (i.e., COGS) is 98% of sales, collection expenses are 1% of sales, and the discount rate is 5%. Assume that the variable costs occur upfront, while the collection costs occur on the date in which the customer's payment is received. What is the NPV of one day's sales if Firm J grants credit? Assume that there is no bad debt loss. A. $57.88 B. $1,043.56 C. $239.67 D. $319.57 . . . 7. For each of the following financial situations, calculate the optimal cash discount percentage (each bullet is a separate answer, solve each bullet) Cash discount period = 5 days, credit period = 75 days, and annual cost of capital = 15% Cash discount period = 10 days, credit period = 30 days, and annual cost of capital = 12% Cash discount period = 10 days, credit posted = 45 days, and annual cost of capital = 18% Cash discount period = 10 days, credit period = 30 days, and annual cost of capital = 22% 8. If the annualized cost of trade credit is 7.37%, what is the net trade credit period? Assume a discount percentage of 1% for payments received on or before 20 days A. 50 Days B. 70 days C. 30 days D. 40 days