Question: The electronics firm in Problem $7.23 is now considering the new equipment and increasing the selling price to $1.10 per unit. With the higher-quality product,

The electronics firm in Problem $7.23 is now considering the new equipment and increasing the selling price to $1.10 per unit. With the higher-quality product, the new volume is expected to be 45,000 units. Under these circumstances, should the company purchase the new equipment and increase the selling price?

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