Pemberley Marine Ltd has a boat that it acquired some months ago at a cost...
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Pemberley Marine Ltd has a boat that it acquired some months ago at a cost of 8,000. The boat needs a replacement engine before it can be used. It is possible to buy a new engine for 6,000. This would take eight hours to fit by a technician who is paid 16 an hour. At present the business is very busy and the technician could work on other boats. The normal charge out rate for the technician is 80 per hour. Without the new engine, the boat could be sold for an estimated 9,500. What is the minimum price at which the business should sell the boat with a new engine fitted? (Enter an integer.)
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