Check my work r Spares is a wholesaler that stocks engine components and test equipment for the mmercial aircraft industry. A new customer has placed an order for eight high-bypass rbine engines, which increase fuel economy. The variable cost is $2.3 million per unit, id the credit price is $2.475 million each. Credit is extended for one period, and based historical experience, payment for about 1 out of every 250 such orders is never llected. The required return is 2.6 percent per period. The customer will not buy if edit is not extended d nces What is the NPV per engine purchased on credit? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g. 1,234,567.89.) What is the break-even probability of default in part (a)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 1. Suppose that customers who don't default become repeat customers and place the same order every period forever. Further assume that repeat customers never default. What is the NPV per engine purchased ontredit? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) 2. Assuming the customer becomes a repeat customer, what is the break-even probability of default? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) NPV Break-even probability NPV Break-even probability per engine % per engine % -1. -2. 6 of 11