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A firm sells its products on terms of net 30 at $104 for each unit. The present value of the production cost is $86 per

A firm sells its products on terms of net 30 at $104 for each unit. The present value of the production cost is $86 per unit. The monthly interest rate is 1%, and there are 30 days every month. It is estimated that only 87% of all orders will be eventually collectable. Orders come in 100 units. What is the expected profit/loss per order? No excel answers pls

a. $358

b. $1,697

c. $2,036

d. $299

e. $448

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