Xian Corporation predicts that if a customer pays on the first sale, it is assured that it is a reliable customer. As such, it expects that customer to generate a net profit of $700 per year for 10 years. Ajax calculates present value with a 9% rate of return. There is a 70% probability that Ajax will secure a reliable customer. However, if the customer defaults, Ajax will have to incur a loss of $800. Determine the expected benefit if credit is granted