Question: Anthony is thinking about purchasing a soft drink machine and placing it in a business office. He knows that there is a 7% probability that

Anthony is thinking about purchasing a soft drink machine and placing it in a business office. He knows that there is a 7% probability that someone who walks by the machine will make a purchase from the machine and that he knows that the profit on each soft drink is sold is $.10. If anyone expecting 1100 people per day to pass by the machine andAnd requires a complete return on his investment in one year then what is the maximum price that he should be willing to pay for the soft drink machine? Assume 250 working days in a year and ignore taxes in a time value of money. Maximum price Maximum price?

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