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

The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2 percent per period. Based on the following information, what is the break-even price per unit that should be charged under the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

    

Current Policy New Policy
  Price per unit $ 56     ?   
  Cost per unit $ 32 $ 32
  Unit sales per month 2,300 2,600

  

  Break-even price $   
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