A certain type of injury has tangible costs of 15000 per, Operation Management

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A certain type of injury has tangible costs of 15000 per

A certain type of injury has tangible costs of $15,000 per occurrence and intangible costs estimated to be $250,000 per occurrence. Injury frequency is 0.01 per year, but would be reduced by half with the installation of a new engineering control system. What annual benefit would the new system provide?

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