A company is considering investing in a piece of measuring apparatus. The service offered to its customers requires measurement data of the customers' business activities. The customer may deliver the data itself, but not all customers are able to do this. With the help of the investment, the company can offer a side service that would aid the deal altogether.

The procurement cost of the apparatus is 300000 and the yearly cost of use is 90000 . The procurement cost includes both the cost of the apparatus and taking it in use. The yearly cost of use includes the employee costs and other fixed costs. The holding period of the apparatus is expected to be 3 years, because technology advances fast. This is depreciated as a straight-line depreciation in the income statement and the expected remaining value is zero. The investment has no effect on the company's working capital. The weighted average cost of capital is 10% and the income tax percentage is 20 %.

1. What is the net present value (NPV) of the investment if the side service is expected to yield yearly sales of 300000 . Give your answer to the nearest euro.

2. By how much should the side service of the measurement apparatus increase the company's sales at the minimum for the investment to be profitable? Give your answer to the nearest thousand euros (e.g. 88 if you get 88 000 ).

3. If 1500 hours of the measurement service can be offered per year, what is the average hourly rate [/h] that the service should have for the investment to be profitable?