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The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.8 percent
The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.8 percent per period. |
Current Policy | New Policy | |||||
Price per unit | $ | 86 | $ | 88 | ||
Cost per unit | $ | 46 | $ | 46 | ||
Unit sales per month | 4,400 | 4,500 | ||||
Calculate the NPV of the decision to change credit policies. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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