Assuming the firm reported sales of $15,300,000 and cost of goods sold of $9,187,900 in 2017 and using the formula below, if the firm performed at the level of the average firm in the industry, calculate the firm's daily NPV using a 9% cost of capital? Tip: The firm is not changing the amount of the cash flows, just the timing of the cash flows. Use the industry CCC metrics to recalculate daily NPV. -COGS Revenues NPV = (DPO) 1+ (DIH +DSO) 365 365 Industry Firm 2017 132.2 15.9 32.2 99 12 45 DIH DSO DPO Operating Cycle Cash Conversion Cycle 111 66