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Talbot Inc. and Bick Inc. are two small manufacturing companies that are considering leasing a cutting machine together. If Talbot rents the machine on its

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Talbot Inc. and Bick Inc. are two small manufacturing companies that are considering leasing a cutting machine together. If Talbot rents the machine on its own, it will cost $33,000. If Bick rents the machine alone, it will cost $22,000. If they rent the machine together, the cost will decrease to $50,000 i Requirements 1. Calculate Talbot's and Bick's respective share of fees under the stand-alone cost-allocation method. 2. Calculate Talbot's and Bick's respective share of fees using the incremental cost-allocation method assuming (a) Talbot is the primary party (b) Bick is the primary party. 3. Calculate Talbot's and Bick's respective share of fees using the Shapley value method. 4. Which method would you recommend Talbot and Bick use to share the fees

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