Consider the case of the Cast Iron Company. On each

nondelinquent sale, Cast Iron receives revenues with a present

value of $$1,330$ and incurs costs with a present value of $$1,000.$

Cast Iron$$s costs have increased from $$1,000$ to $$1,180.$ Assuming

that there is no possibility of repeat orders and that the

probability of successful collection from the customer is

p $=0\mathrm{.}95,$ answer the following.A$.$ What is the expected profit of granting credit? $($Do not round

Calculations$)$Expected profit$\_\_\_\_\_\_\_\_\_\_\_\_\_$ per saleB.$$ Should Cast Iron grant or refuse credit?C$.$ What is the break$-$even probability of collection? $($Enter your

answer as a percent rounded to $1$ decimal$$place$).$Break$-$even probability $\_\_\_\_\_\_\%$