Bars of 250mm length and 25mm diameter are to be turned on a lathe with a feed of 0.2mm/rev. Each regrinding of the tool costs is Rs.20.The time required for each tool chnage is 1 min. Tool life equation is given as VT02=24 (where cutting speed V is in /(m/min\) and tool life T is in min). The optimum tool cost per piece for maximum production rate is Rs
(round off to 2 decimal places).