(Answered) Question - it costs 1000 for hand tools and 150 labor per

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Question - It costs $1,000 for hand tools and $1.50 labor per unit to manufacture a product. Another alternative is to manufacture the product by an automated process that costs $15,000, with a $0.50 per-unit cost. With an annual production rate of 5,000 units, how long will it take to reach the break-even point of using the automated equipment?

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