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The Branson Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.6 percent
The Branson Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.6 percent per period. Based on the following information, what is the break-even price per unit that should be charged under the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Current Policy | New Policy | |
---|---|---|
Price per unit | $ 77 | ? |
Cost per unit | $ 39 | $ 39 |
Unit sales per month | 3,350 | 3,700 |
Break-even price: ??
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