Question: Please help answer part B. I have posted this question already twice, and both answers have been incorrect. Cast Iron Company, on each nondelinquent sale,

 Please help answer part B. I have posted this question already

Please help answer part B. I have posted this question already twice, and both answers have been incorrect.

Cast Iron Company, on each nondelinquent sale, receives revenues with a present value of $1,240 and incurs costs with a value of $1,070. Cast Iron has been asked to extend credit to a new customer. You can find little information on the firm, and you believe that the probability of payment is no better than 0.84. But if the payment is made, the probability that the customer will pay for the second order is 0.93. a. Calculate the minimum probability at which credit can be extended assuming there is no possibility of repeat orders. (Enter your answer as a percent rounded to 1 decimal place.) Answer is complete and correct. Minimum probability 86.3 % b. If it costs $13.00 to determine whether a customer has been a prompt or slow payer in the past, at how many units ordered should Cast Iron undertake such a check? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is not complete. Break-even point units

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