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Problem 5.29 Happy Times currently has an all-cash policy. It is considering making a change in the credit policy by going to terms of net

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Problem 5.29 Happy Times currently has an all-cash policy. It is considering making a change in the credit policy by going to terms of net 30 days. New Price per unit Cost per unit Unit sales per month Current Policy $ 385 $ 320 1,285 Policy $ 392 $ 324 1,485 The required return is 1.85 percent per month. What is the break-even price per unit under the new credit policy

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