Sunshine Inc. tightened its credit policy, resulting in a $10 change in net present value (NPV) on a daily basis. If Sunshine's expected return is 8%, then the change in the value of the firm is_____. (Note: Assume 360 days in a year)
A) $20,000
B) $5,000
C) $34,000
D) $45,000
E) $60,000
Correct Answer:
Verified
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