A gps company created a 2 million warranty reserve fund for, Financial Management

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A gps company created a 2 million warranty reserve fund for

A GPS company created a $2 million warranty reserve fund for the GPS chip. Assuming an ordinary free replacement warranty, if 1 million GPS chips are sold, the fixed cost of warranty is $100,000, and the average cost per warranty claim is $13, what should the warranty period be?

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