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Arnold Barker is considering extending credit to a group of new customers.The new customers will generate an average of $35,000 per day in new sales.On

Arnold Barker is considering extending credit to a group of new customers.The new customers will generate an average of $35,000 per day in new sales.On average, they will pay in 30 days.The variable cost ratio is 80% and the default rate is 10% of sales.If the cost of capital is 12%, what is the NPV of one days sales if Arnold grants credit.

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