- 18 - 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.Page: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Next
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