A certain part dimension on a power garden tool is specified as 25.50 ±0.30 mm. Company repair records indicate that if the ±0.30 mm tolerance is exceeded, there is a 75% chance that the product will be returned for replacement. The cost associated with replacing the product, which includes not only the product cost itself but also the additional paperwork and handling associated with replacement, is estimated to be $300. Determine the constant k in the Taguchi loss function for these data.
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