Problem 28-10 Credit Policy Evaluation

Lealos, Inc., is considering a change in its cash-only sales policy. The new terms of sale would be net one month. The required return is .74 percent per month

	Current Policy			New Policy
Price per unit	$	880		$	880
Cost per unit	$	665		$	665
Unit sales per month		940			1,020

Calculate the NPV of the decision to switch. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))