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Rebecca is evaluating a proposal to extend credit to a group of new customers. The new customers will generate on average $40,000 a day in

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Rebecca is evaluating a proposal to extend credit to a group of new customers. The new customers will generate on average $40,000 a day in new sales. On average they will pay in 68 days. The variable cost ratio is 80%, collection expenses are 2% of sales, and the cost of capital is 10%. What is the NPV of the one day's sales if Rebecca grants credit? Assume there is no bad debt loss. $5,190.78 $6,483.06 $7,200.00 $4,226.81

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