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?