The ABC Corporation has asked for credit with your firm. ABC has not done business with your firm previously, but you have a strong feeling that if the first order goes well they will become a repeat customer. The company's purchasing manager would like to buy some equipment today at a cost of $425,000, with 30 days credit. Your variable cost for that equipment is $411,500 and your monthly interest rate is 1.25 percent. Your research shows that the probability of ABC defaulting is 5 percent. What is the net present value of this decision?