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Solar Engines manufactures solar engines for tractortrailers. Given the fuel savings available, nevi.r orders for 115 units have been made by customers requesting credit. The
Solar Engines manufactures solar engines for tractortrailers. Given the fuel savings available, nevi.r orders for 115 units have been made by customers requesting credit. The variable cost is $8,800 per unit and the credit price is $10,?50 each. lCredit is extended for one period. The required return is \"1.4 percent per period. If Solar Engines extends credit, it expects that 35 percent of the customers will be repeat customers and place the same order everv period forever and the remaining customers will be onetime orders. Calculate the NP'v' of the decision to grant credit. {Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.}
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