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Codiac Corp. currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30

Codiac Corp. currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days. The required return is 0.84% per month.

Current Policy New Policy
Price per unit $ 215 $ 220
Cost per unit $ 161 $ 166
Unit sales per month 1,560 1,610

Calculate the NPV of the decision to change credit policies. (Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

NPV

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