Air spares is a wholesaler that stocks engine components and test equipment for the commercial aircraft industry. a new customer has placed an order for eight high-bypass turbine engines, which increase fuel economy. the variable cost is $3 million per unit, and the credit price is $3.305 million each. credit is extended for one period, and based on historical experience, payment for about 1 out of every 250 such orders is never collected. the required return is 3.6 percent per period.
a. what is the npv per engine purchased on credit? (do not round intermediate calculations. enter your answer in dollars, not millions of dollars, e. g., 1,234,567. round your answer to 2 decimal places, e. g., 32.16.)