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Codiac Corp. currently has an all-cash credit policy. It is considering making a change in the...

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 0.79% per month.

Current Policy New Policy
Price per unit $ 190 $ 194
Cost per unit $ 146 $ 150
Unit sales per month 1,410 1,450

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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