Assume all sales are one-time credit sales with a probability of collection of 96 percent. The variable
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Question:
Assume all sales are one-time credit sales with a probability of collection of 96 percent. The variable cost per unit is $1.67, the sales price per unit is $4.99, and the monthly interest rate is 1+x. What is the NPV of a credit sale of one extra unit? A) $3.073 B) $3.026 C) $2.981 D) $2.936 E) $2.892
X IS 0
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