In evaluating a proposal to extend credit, new customers will generate an average of $11000 per day in new sales. On average, he will pay in 30 days. The variable cost ratio (COGS) is 25% of sales,...

Extracted text: In evaluating a proposal to extend credit, new customers will generate an average of $11000 per day in new sales. On average, he will pay in 30 days. The variable cost ratio (COGS) is 25% of sales, administration expenses are 3% of sales, and the discount rate interest in the MKT is 0.06 What is the NPV of one day's sales