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The company Smart Inc. is a company that produces T-Shirts in Sudbury area. The results of the company, for the past couple of years, have been presented in the annual financial statement. Sales (800000 units x 18$) 14 400 000$
Variable Costs (800000 units x 10$) (8 000 000)
Fixed Cost (6 000 000)Annual Profit (loss) (400 000) Experts suggest to the board of directors to replace the old equipment by new ones in order to improve the production and the profitability of the company. The price of the T-shirts will remain the same. However, the variable cost per unit will decrease by 10% while the fixed costs increase by 20%.
Considering the following information, the board of directors asks you to evaluate this project for the company.
Given this information, answer the following questions:
Problem 1: Calculate the maximum amount that the company can pay for the new equipment in order to keep the project profitable.
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