Hennig Plastics Equipment Corporation has developed a new injection mold-model XP-30-that has been designed to outperform a competitor's best-selling injection mold. Model XP-30 has a useful life of 64.000 hours of service and its operating cost is $0.80 per hour. In contrast, the competitor's product has a useful life of 32,000 hours of service and has operating costs that average $1.40 per hour. The competitor's injection mold sells for $132,000. Hennig has not yet established a selling price for model XP-30. From a value-based pricing standpoint what is XP-30's economic value to the customer over its 64,000 hour useful life? Multiple Choice $170,400 $196,000 $302,400 $176,800