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A teeshirt company purchases new equipment at a cost of $583,420, allowing it to manufacture more teeshirts per hour. Sales are estimated to rise by
A teeshirt company purchases new equipment at a cost of $583,420, allowing it to manufacture more teeshirts per hour. Sales are estimated to rise by 23%. Before the purchase, the manufacturer was able to produce 59 tons of teeshirts per year, sold at a price of $14,197 per ton. Compute the yearly increase in revenue stemming from the new equipment, in dollars. (Round your answer to two decimal places)
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