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Coyote Company, a manufacturing company, produces large pieces of machinery. Coyote sells a large piece of machinery to Piper Corporation for use in a new
Coyote Company, a manufacturing company, produces large pieces of machinery. Coyote sells a large piece of machinery to Piper Corporation for use in a new production plant. Though Piper could install the equipment on its own, management decides to include installation of the machinery in its contract with Coyote. Piper agrees to a total contract price of $ for both the equipment and the installation. Coyote does not offer a discount on the machinery if they complete the installation. The fair value of the equipment is $ and its cost is $ The fair value of the installation is $ and the cost of the labor to Coyote is $ How much of the contract price should Coyote allocate to the equipment and installation respectively? If a proportion is necessary, round to the nearest one hundredth of a percent eg#### and round all answers to the nearest dollar.
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