Maxwell Corporation has a customer who wants to purchase $60,000 of goods on credit. Maxwell estimates that the customer has a 97% probability of paying the $50,000 in 4 months and a 3% probability of a complete default (paying no cash at all). Assume an investment of 85% of the amount of the sale and a required return of 10% APY. What is the NPV of granting credit?

Group of answer choices

about $4,483.37

about $5,380.05

about $5,829.63

about $45,938.17