For a column under axial load, the failure load occurs when the yield stress due to axial compression is equal to the critical buckling load. The Euler’s buckling load for a column with a simply supported condition is:
\[
P_{\text{cr}} = \frac{\pi^2EI}{L^2}.
\]
The axial compressive failure load due to yielding is:
\[
P_{\text{yield}} = \sigma_{\text{yield}} A = 120 \times w \times t.
\]
At the point of failure, \( P_{\text{cr}} = P_{\text{yield}} \). Substituting the values and solving for \( t \):
\[
\frac{\pi^2EI}{L^2} = 120 \times w \times t.
\]
By calculating the critical value of \( t \), we get:
\[
t \approx 43 \, \text{mm}.
\]
Thus, the value of \( t \) at which the failure load for yielding and buckling coincide is approximately \( 43 \, \text{mm} \).