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23. Timdat Corporation, a manufacturer of moderate-priced time pieces, would like to introduce a new electronic watch. To compete effectively, the watch could not be

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23. Timdat Corporation, a manufacturer of moderate-priced time pieces, would like to introduce a new electronic watch. To compete effectively, the watch could not be priced at more than RM30. The company requires a return on investment of 25% on all new products. The plan is to produce and sell 40,000 watches cach year. This would require a RM600,000 investment. The target cost per watch would be: A. RM10.00 B. RM20.00 C. RM26.25 D. RM45.00

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