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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

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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 6 percent per month. Current Policy New Policy Price per unit $ 740 $ 740 Cost per unit $ 540 $ 540 Unit sales per 800 850 month Calculate the NPV of the decision to switch. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) INPV

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