Question: In Problem 10-24, how much is it worth to the firm to be able to extend the product's life by 3 year at a cost

In Problem 10-24, how much is it worth to the firm to be able to extend the product's life by 3 year at a cost of $50000, at the end of the product's initial useful life?
In Problem 10-24

Shifts Savings/ Useful Life day year Probability (years) Probability $15,000 0.3 2 30,000 0.5 3 45,000 0.2 0.6 0.4

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