Under Your Current Cash Sales Only Policy You Sell 110

Under your current cash sales only policy you sell 110 units a month for a total sales value of $7,590. Your variable cost per unit is $38 and your monthly interest rate is 1.7 percent. Based on a recent
Survey, you believe that you can sell an additional 30 units per month if you offer a net 30 credit
Policy. What is the net present value of the proposed switch using the accounts receivable
Approach?

A) $45,976
B) $47,116
C) $49,081
D) $50,224
E) $53,566