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A software development company is analyzing the costs of developing a new application. The company estimates that it will require 10,000 hours of development time.
A software development company is analyzing the costs of developing a new application. The company estimates that it will require 10,000 hours of development time. The fixed costs for the project are $150,000, and the variable costs per hour of development are $30. If the company plans to sell the application for $50 per hour of usage, how many hours of usage must be sold to achieve a target profit of $100,000?
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