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Assume a sales price of $120 per unit, a $80 per unit variable cost, an average default rate of 5%, and a monthly interest rate

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Assume a sales price of $120 per unit, a $80 per unit variable cost, an average default rate of 5%, and a monthly interest rate of 1.25%. What is the net present value of a new repeat customer who never defaults on his or her payment? Round off to the nearest integer

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