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The Tradition 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

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The Tradition 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. Price per unit Cost per unit Unit sales per month Current Policy $ 62 $ 34 2,600 New Policy $ 64 $ 34 2,720 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.) Answer is complete but not entirely correct. NPV $ 44,720.00

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