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I've been struggling to find the correct answer to this question, every answer here on Chegg comes back incorrect. If anyone could please help! Codiac
I've been struggling to find the correct answer to this question, every answer here on Chegg comes back incorrect. If anyone could please help!
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 0.95% per month. Price per unit Cost per unit Unit sales per month Current Policy $ 150 $ 130 1,550 New Policy $ 154 $ 133 1,580 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.) NPVStep by Step Solution
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