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The Harrington Corporation is considering a change in its cash-only policy. The new terms would...

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Finance

The Harrington Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.6 percent per period.

Current Policy New Policy
Price per unit $ 62 $ 64
Cost per unit $ 34 $ 34
Unit sales per month 2,600 2,720

Calculate the NPV of the decision to change credit policies. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

NPV $

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