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A hand tool costs $300 and requires $1.25 labor cost per unit. A machine tool costs $3,000 and reduces labor to $0.75. What is the
A hand tool costs $300 and requires $1.25 labor cost per unit. A machine tool costs $3,000 and reduces labor to $0.75. What is the break-even point (in years) at 5% for an annual production of 5,000 units?
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