XYZ, Inc., has just announced the repurchase of $115,000 of its stock. The company has 37,000 shares outstanding and earnings per share of $3.25. The company stock is currently selling for $75.83 per share. What is the price-earnings ratio after the repurchase? Multiple Choice 23.33 times 23.81 times 21.74 times O 23.33 times O 23.81 times 21.74 times 22.38 times 24.29 times The Closter Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.2 percent per period. Current Policy $ 80 $ 40 Price per unit Cost per unit Unit sales per month New Policy $ 82 $ 40 3,500 3,650 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.) NPV