32 B. Assume at a new product is developed and that it will cost $482 to manufacture. Calculate the selling price that must be set for may new product of gross profit ratio is to be the same as the average achieved for all products for focal 2019 (Do not round intermediate calculations. Enter your answer in dollars rounded to 2 decimal places.) c. From a management viewpoint, it could use the estimated selling price as a "target" in conducting marketing research studies to assess its ultimate prospects for success at this price O True O False