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Sanchez, 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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Sanchez, 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 .78 percent per month. Price per unit Cost per unit Unit sales per month Current Policy $ 920 $ 715 980 New Policy $ 920 $ 715 1,060 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.) NPV

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