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Problem 20-14 Credit Policy Evaluation (LO2] The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period.
Problem 20-14 Credit Policy Evaluation (LO2] The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.7 percent per period. Current Policy $ 65 $ 35 New Policy $ 67 $ 35 Price per unit Cost per unit Unit sales per month 2,750 2,870 Calculate the NPV of the decision to change credit policies. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV
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