I am looking for some assistance in solving the following question.

Valmont Company has developed a new industrial piece of equipment called the XP200. The company is considering two methods of establishing a selling price for the XPZOOabsorption cost-plus pricing and value-based pricing. Valmont's cost accounting system reports an absorption unit product cost for XP200 of $10,000. Its markup percentage on absorption cost is 85%. The company's marketing managers have expressed concerns about the use of absorption cost-plus pricing because it seems to overlook the fact that the XP200 offers superior performance relative to the comparable piece of equipment sold by Valmont's primary competitor. More specifically, the XP200 can be used for 25,000 hours before replacement. It only requires $2,600 of preventive maintenance during its useful life and it consumes $200 of electricity per 1,250 hours used. These figures compare favorably to the competing piece of equipment that sells for $25,000, needs to be replaced after 12,500 hours of use, requires $5,200 of preventive maintenance during its useful life, and consumes $236 of electricity per 1,250 hours used. Required: 1. If Valmont uses absorption costplus pricing, what price will it establish for the XP-ZOO? 2. What is XP200's economic value to the customer (EVC) over its 25,000-hour life? 3. If Valmont uses value-based pricing, what range of possible prices should it consider when setting a price for the XP-ZOO? Req 1 and 2 Req 3 If Valmont uses absorption cost-plus pricing, what price will it establish for the XP-200? What is XP-200's economic value to the customer (EVC) over its 25,000-hour life? 1. Selling price per unit 2. EVCReq 1 and 2 Req 3 If Valmont uses value-based pricing, what range of possible prices should it consider when setting a price for the XP-200? Range of possible prices S Value-based price S