Question 6 6 pts Afirm currently uses credit terms of net 35 with no discounts allowed. It has annual credit sales of $2M (M-million), and a cost of sales (att -0) of $1.3M. On average. 97% of customers pay in 2 months, while 3% of customers never pay. At a required return of 12% APY, what is the NPV of one year's sales under the current policy? Question 7 4 pts Credit-policy decisions involve all aspects of receivables management. The decision includes which of the following? setting evaluation methods and credit standards the choice of credit terms monitoring receivables and taking actions for slow payment all of these