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Solar Engines manufactures solar engines for tractor - trailers. Given the fuel savings available, new orders for 1 1 5 units have been made by
Solar Engines manufactures solar engines for tractortrailers. Given the fuel savings available, new orders for units have been made by customers requesting credit. The variable cost is $ per unit, and the credit price is $ each. Credit is extended for one period. The required return is percent per period. If Solar Engines extends credit, it expects that percent of the customers will be repeat customers and place the same order every period forever and the remaining customers will be onetime orders. Calculate the NPV of the decision to grant credit. Do not round i
NPV $
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