Codiac Corp. currently has an all-cash credit policy. It is considering making a change in...
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Finance
Codiac Corp. currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days. The required return is 0.83% per month.
Current Policy
New Policy
Price per unit
$
210
$
215
Cost per unit
$
158
$
163
Unit sales per month
1,530
1,570
Calculate the NPV of the decision to change credit policies. (Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
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