Would it be cost-effective to add the modulator

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Assignment:

Lee sells bikes for $1,000.00 each. In the first year, he sold 500 bikes. During that year, four people became injured while using his bikes, costing an average of $40,000.00 each in medical bills. In order to make the product safer, he would need to add a brake modulator, which would cost $10 per bike. Would it be cost-effective to add the modulator?

Reference no: EM133291350

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