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Question 19 3 pts Woods Inc. has been approached by a new customer who has asked the firm to extend credit for 30 days on

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Question 19 3 pts Woods Inc. has been approached by a new customer who has asked the firm to extend credit for 30 days on a one-time purchase of $250. The firm's required return on receivables is 1.2 percent per month and the variable cost of the desired item is $170. What is the NPV of granting credit if the firm estimates the probability of default is 15 percent? Assume 30 days per month. $132.94 $39.98 $17.538.33

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