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Zohar, Inc., currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30
Zohar, Inc., currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days. The required return is .89 percent per month. Current Policy New Policy Price per unit $ 240 $ 245 Cost per unit $ 176 $ 181 Unit sales per 1,710 1,760 month Calculate the NPV of the decision to change credit policies. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV
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