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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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