Bill is a new customer has asked to establish credit with your company. He would like to buy some equipment at a cost of $6,600. Your variable cost for that equipment is $5,030 and your monthly interest rate is 1.0 percent. You believe that Bill could become a repeat customer if you grant him 30 days credit. As long as Bill's probability of default is less than you should grant him credit. Express your answer as a decimal to 4 decimal places (ie not 10.25 but rather 1025)