It is estimated that 10,000 parts are going to be made per year for the next 3 years. The fixture cost rate is 60 percent, the salvage value at the end of the year is 40 percent of the investment, the...

It is estimated that 10,000 parts are going to be made per year for the next 3 years. The fixture cost rate is 60 percent, the salvage value at the end of the year is 40 percent of the investment, the total overhead rate is 50 percent, and the savings per piece are estimated to be $1.00. What is the maximum that should be spent for the fixture?