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Question 1 (1 point) A company is assessing granting credit to a new customer. The...

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Question 1 (1 point) A company is assessing granting credit to a new customer. The variable cost per unit is $52, the current price is $120, the probability of default is 22% and the monthly required return is 2.0%. Calculate the NPV of the switch. Assume the customer will purchase once. Round your answer to 2 Decimals (e.g. 2222.05) and the unit is $. Your Answer: Answer units

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