Assuming the firm reported sales of $3,784,000 and cost of goods sold of $2,568,000 in 2017 and using the formula below, what was the daily NPV for the firm in 2017 using a cost of capital of 7%? Tip: For inflows, use average daily sales and the timing from the Operating Cycle. For outflows, use average daily CGS and the timing from DPO. NPV is the net of the two calculations. -COGS NPV = Revenues (DIH +DSO) 365 1+ (DPO) 1+ 365 Industry Firm 2017 78.7 65.8 44.1 DIH 67 41 49 DSO DPO Operating Cycle Cash Conversion Cycle 108 59 capital of 7%? Tip: For info Cycle. For outflows, use average daily CGS and the timing from DPO. NPV is the net of the two calculations. -COGS Revenues NP 1+ 1+ 5)(DPO) (DIH+DSO) 365 365 Firm Industry 2017 78.7 65.8 67 DIH 41 44.1 49 DSO DPO Operating Cycle Cash Conversion Cycle 108 59 O $3,110.99 $15,779.91 $10,087.66 $6,976.66