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Facey Corporation is considering changing its payment date from net 4 5 to net 3 0 as customers are currently paying in 6
Facey Corporation is considering changing its payment date from "net to "net as customers are currently paying in days on average. The company forecasts that this change will reduce the collection period to days use a day year free up $ in idle cash balances, and reduce sales from $ to $ Facey's variable costs are of sales, its tax rate is and it has a cost of capital.
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Should Facey change its payment date?
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