Royal, 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 .92 percent per month.

	Current Policy			New Policy
Price per unit	$	1060		$	1060
Cost per unit	$	870		$	870
Unit sales per month		1120			1220

Calculate the NPV of the decision to switch

(Do not round intermediate calculations, and round your answer to 2 decimal places)