a.
If the interest rate is 1% per month, and all customers will pay their bills, calculate the present value of per carton. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Present value $ per carton
b.If the interest rate is 1.5% per month, and all customers will pay their bills, calculate the present value of per carton. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Present value $ per carton
c.If the interest rate is 1.5% per month but the firm can offer the credit only as a special deal to new customers, while old customers will continue to pay cash on delivery, calculate the present value of per carton. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Present value $ per carton