4. Finally, in this scenario and question you are tasked to produce $300,000 minimum in profit Complete Chart B below for Question 4. In addition to the completing Chart B, you also need to provide a written narrative (200 - 250 words) about how you determined your pricing recommendation by responding to the following writing prompts. a. What is the rational for your pricing recommendation? Why? 6. What are the ethical considerations of your decision? Why? Supporting narrative (200 - 250 words) Chart B: Question 4 Type of Cost Actual Cost New Recommendation a. Retro-vinyl album package $1.30 per album To be completed by student Revised 9/2020 Page 4 of 4 Type of Cost Actual Cost b. Songwriters' royalties $0.40 per album c. Recording artists' royalties $1.10 per album d. Advertising and promotion $280,000 e Studio Recording Inc 's overhead $260,000 Pricing Information Actual Price Selling price to the album $9.29 distributor New Recommendation To be completed by student To be completed by student To be completed by student To be completed by student To be completed by student