Tavis Robotics Corporation has developed a new robotmodel FI-73that has been designed to outperform a competitors best-selling robot. The competitors product has a useful life of 10,000 hours of service, has operating costs that average $4.80 per hour, and sells for $113,000. In contrast, model FI-73 has a useful life of 30,000 hours of service and its operating cost is $2.80 per hour. Tavis has not yet established a selling price for model FI-73.

From a value-based pricing standpoint what is FI-73s economic value to the customer over its 30,000 hour useful life?