WinikaCompanyproduces three products with the following information:

Product

Good Better Best

Selling price per unit $17 $19 $26

Variable cost per unit $8 $10 $12

Machine-hours per unit (MH/unit) 2 3 4

The company has a limit of 14,300 machine-hours available per month and a monthly fixed cost of $35,000. The demand for each of the products is 2,500 units per month.

The company's goal is to maximize its profitability.

Suppose the company can rent a machine that will provide an additional 1,120 machine-hours per month.

Q:) What is the maximum monthly rent the company should be willing to pay for this machine (assuming they've made optimal use of their own machine)?