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Question 7 6 pts Jacobson Corporation estimates that a customer has a 95% probability of paying the $500,000 in three months and a 5% probability
Question 7 6 pts Jacobson Corporation estimates that a customer has a 95% probability of paying the $500,000 in three months and a 5% probability of a complete default. Jacobson assumes an investment of 80% of the sale amount, made at the time of the sale, and a required return of 12% APY. What is the NPV of extending the customer credit? (Enter your answer in dollars and cents.) Question 7 6 pts Jacobson Corporation estimates that a customer has a 95% probability of paying the $500,000 in three months and a 5% probability of a complete default. Jacobson assumes an investment of 80% of the sale amount, made at the time of the sale, and a required return of 12% APY. What is the NPV of extending the customer credit? (Enter your answer in dollars and cents.)
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