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Seether, 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

Seether, 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 $ 1,060 $ 1,060
Cost per unit $ 870 $ 870
Unit sales per month 1,120 1,220

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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