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Assume that the following data has been determined for the development and sale of a new digital thermometer for home use: development cost = $200,000,
Assume that the following data has been determined for the development and sale of a
new digital thermometer for home use: development cost = $200,000, production
investment = $400,000, annual production volume = 20,000 units per year, and sales
lifetime = 7 years. Assuming a variable production cost of $4 per unit.
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