CJ Stores has current cash only sales of 218 units per month at a price of $236.55 a unit. If it switches to a net 30 credit policy, the credit sales price will be $249 while the cash price will remain at $236.55. The switch is not expected to affect the sales quantity but a 3 percent default rate is expected. The monthly interest rate is 1.4 percent. What is the net present value of the proposed credit policy switch? Seleccione una: O a. $24,727 O b. $26,893 O c. $29,481 O d. $25,978 O e. $27,965 Each business day, on average, a company writes checks totalling $ 41,627 to pay its suppliers. The usual clearing time for these checks is 3.2 days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totalling $59,948. The cash from the payments is available after 1.5 days. What is the amount of the average net float? Seleccione una: O a. $57,366 O b. $49,507 O c. $57,772 O d. $ 43,284 O e. $42,318