You are considering renting a kiosk in the local mall for a period of three months. Any sales you make will be a onetime sale. The probability that you will collect payment on a credit sale is 92 percent. The product you want to sell has a variable cost 0f $3.76 and a sales price of $4.99. The monthly interest rate is 1.35 percent.

Should you offer people 30 days to pay?

Why or why not?

How does your answer change if this is a repeat customer?

Please show work