A company believes it can sell 1,000,000 of its proposed new combo cell phone/ garage door opener

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A company believes it can sell 1,000,000 of its proposed new combo cell phone/ garage door opener at a price of $250 each. There will be annual fixed costs associated with developing, marketing and manufacturing the phone of $40,000,000. If the company desires to make a profit of 40% of selling price on the phone/opener, what is the target variable cost per unit?
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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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