Your firm has an average collection period of 22 days. Current practice is to factor all receivables immediately at a discount of 1.2 percent. Assume that default is extremely unlikely. What is the effective cost of borrowing? (Do not round intermediate calculations and enter your answer as a pecent rounded to 2 decimal places, e.g., 32.16.) Effective cost of borrowing % The Demarest Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2 percent per period. Current Policy $ 82 $ 42 Price per unit Cost per unit Unit sales per month New Policy $ 84 $ 42 3,800 ? What is the break-even quantity for the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Break-even quantity