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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 $20; the current price

Your company is considering granting credit to a new customer for a one time sale. The variable cost per unit is $20; the current price per unit is $49; 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?

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