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1. The management of Wonderful Co., is considering a new product that would have a selling price of $77 per unit and projected sales of

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1. The management of Wonderful Co., is considering a new product that would have a selling price of $77 per unit and projected sales of 50,000 units. The new product would require an investment of $100,000. The desired return on investment is 20%. Required: Determine the target cost per unit for the new product

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