(Sales price computation) Sportswear Inc. has designed a new athletic suit. The company plans to produce and sell 60,000 units of the new product in the com¬ ing year. Annual fixed costs are $1,200,000, and variable costs are 70 percent of selling price. If the company wants a pre-tax profit of $600,000, at what mini¬ mum price must it sell its product?

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