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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 2.8 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 2.8 percent per period. 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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