Question 4: A machine capable of delivering 100 hp has been considered for the production of a part. Calculate the profit that this machine generates per day assuming the following: Material cost to produce one part $20 Production rate (parts/hour) 300 7 S50 S20 $10 5% S0.15 80% Hours available for production per day Selling price per defect-free part Operators cost per hour Overhead costs per hour Percent parts rejected Electric power cost per kw-hr Machine efficiency Note: 1 hp= 0.746 kw