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Your company is considering granting credit to a new customer for a one - time sale. The variable cost per unit is $ 3 0

Your company is considering granting credit to a new customer for a one-time sale. The variable cost per unit is $30; the current price per unit is $60; and the monthly required return (cost of capital) is 2%. What probability of default for the new customer would make the firm break even when granting credit for the one-time sale?
A)2% B)49% C)51% D)98% E)99%

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