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

Happy Times 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. Based on the following information, what is the break-even price per unit under the new credit policy? The required return is 0.88 percent per month. (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

Current Policy New Policy
Price per unit $ 235 ?
Cost per unit $ 173 $ 178
Unit sales per month 1,680 1,735

Break-even price $

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