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ICrane Inc. switches to 3/10 net 30 from net 30. It is estimated that 75 percent of customers will take advantage of the discount, while

ICrane Inc. switches to 3/10 net 30 from net 30. It is estimated that 75 percent of customers will take advantage of the discount, while the remaining 25 percent will pay on day 30. The price will increase from $55 to $56 per unit; unit sales will remain at 11,000 per year;and variable cost will remain at $28 per unit. Bad debt losses will not be affected. Assume a 40-percent tax rate and a 5-percent discount rate. Calculate the NPV. (Round new average collection period to 0 decimal places, e.g. 15 and fian answer to 2 decimal places, eg. 15.75. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).)

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