P7-4) A shoe manufacturer has made an investment of 200 000 TL for various shoe

making equipment. He plans to make 10 pairs of shoes every day for 6 days of

the week. The leather, energy and other material for making shoes cost 750

TL/day and two workers help him to make shoes. Workers earn 100 TL/day. He

pays 2000 TL/month rent for his workshop. Take i = 10% and n = 20 years.

Suggest a price for one pair of shoes.