Use the information in the table below to answer the questions concerning Company Cs current credit policy.

	net 40
Sales	$9,000,000
Lag factor	3
Cost of capital	8%
Bad debt, % sales	5%
Cost of goods sold, % sales	79%
G&A, % sales	9%

1. What is the present value of the firms daily net sales?

2. What is the firms daily cost of good sold?

3. What is the firms DSO (Net + lag factor)?

4. What is the present value of the firms daily G&A expense?

5. What is the net present value of the firms current policy?

notes; last question that number 5 that did not answer can you please provide me the answer

Assuming the above figure is given on per annum (360 days) following is done:

1) PV of the firm's daily net Sales = Daily net sales * PV factor for the net credit period = ($9,000,000*0.95/360) * 1/(1+0.08*43/360) = $23,525.20 (approx).

2) Firm's daily cost of goods sold = Firm's daily sales * COGS % = $9,000,000/360 * 79% = $19,750.

3) Firm's Days Sales Outstanding (Net + lag factor) = 40+3 = 43 days.

4) PV of the firm's daily G&A expenses = Daily G & A expenses * PV factor for the period = $9,000,000/360 * 9% * 1/(1+0.08) = $2,083.33.