Assume that a company has developed a new industrial component called Part A that offers superior performance relative to its competitors. The competing part sells for $$1,500$ and needs to be replaced after $1,500$ hours of use. It also requires $$400$ of preventive maintenance during its useful life. Part A is similar to its competing product with two important exceptions$$it needs to be replaced after $3,000$ hours of use and it requires only $$200$ of preventive maintenance during its useful life.

From a value$-$based pricing standpoint, what is Part A$$s economic value to the customer $($EVC$)$ over its $3,000-$hour life?

Multiple Choice

$$2,100$

$$3,600$

$$1,700$

$$3,200$