A firm's current credit terms are 40, and the net present value of the policy is $1,351.96.The firm is considering its policy to 2/15 net 40. Use the data below to complete the problems.

Sales	2,000,000
Change in sales	.04
Discount %	.02
% of customers taking discount	.62
Days in discount period	15
Lag factor	2
Days in net	40
Cost of capital	.032
Bad debt, % of sales	.03
Cost of goods sold, % of sales	.62
G&A, % of sales	623.40
NPV of present policy	1,351.96

What is the present value of daily net sales to discount takers?

a.Between $3,454 and $3,458

b. Between $3,428 and $3,432

c. Between $3,422 and $3,426

d. None of the answers is correct.

2. What are the daily net sales to non-discount takers?

What are the daily net sales to non-discount takers?

a.Between $2,098 and $2,101

b.Between $2,163 and $2,168

c.Between $2,000 and $2,005

d.Nonne of the answers is correct