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Lindstrom also reported that various equipment companies, such as
the Cumberland Engineering Division of John Brown Plastics
Machinery, were willing to provide customized recycling programs
to companies at a minimum cost of $50,000.
Lindstrom found that the Sentinel EPS recycler could process
between 100 and 200 pounds of plastic per hour.
Lindstrom observed a Sentinel EPS recycler in operation and
was allowed to inspect the machine closely. Lindstrom estimated
the manufacturing cost of the Sentinel EPS recycler to be
approximately $20,000 and the market value of the machine to be
approximately $25,000.
E. Fair Market Value of the Recyclers
At all relevant times, the fair market value of the Sentinel
EPS recycler did not exceed $50,000 per machine.7
F. Petitioners and Their Introduction to Whitman
Jim Barber (petitioner) is a well-educated individual,
having graduated from the University of Michigan in 1957 with a
bachelor of science degree in mechanical engineering. For most
of his career, petitioner has worked in the field of industrial
automation. In 1982, petitioner was employed by the Bendix
Corp., and he was about 48 years old.
7 Our finding is based on the expert reports and testimony
of Grossman and Lindstrom, as stipulated by the parties. We note
that petitioners independently stipulated that the Sentinel EPS
recycler had a maximum value of between $30,000 to $50,000 per
machine. That latter stipulation is consistent with our finding.
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