Tiger Island Fabricators, which builds offshore oil platforms, has been experiencing problems with its profiling machine, a computer-driven device that cuts the ends of pipe so that they can be welded to another pipe, as shown in the data below.
Each time a machine breaks down, the company loses about $3,000. If the company implements preventive maintenance, it will be able to reduce the number of breakdowns by 50%. What is the maximum that preventive maintenance can cost so that it becomes the preferred option?

Question

Tiger Island Fabricators, which builds offshore oil platforms, has been experiencing problems with its profiling machine, a computer-driven device that cuts the ends of pipe so that they can be welded to another pipe, as shown in the data below.
  Each time a machine breaks down, the company loses about $3,000. If the company implements preventive maintenance, it will be able to reduce the number of breakdowns by 50%. What is the maximum that preventive maintenance can cost so that it becomes the preferred option?

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The Answer of Tiger Island Fabricators, which builds offshore oil platforms, has been experiencing problems with its profiling machine, a computer-driven device that cuts the ends of pipe so that they can be welded to another pipe, as shown in the data below.
  Each time a machine breaks down, the company loses about $3,000. If the company implements preventive maintenance, it will be able to reduce the number of breakdowns by 50%. What is the maximum that preventive maintenance can cost so that it becomes the preferred option?

Tiger Island Fabricators, Which Builds Offshore Oil Platforms, Has Been