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? b. What are the ethical considerations of your decision? Why? Supporting narrative ( 200250 words): Revised 9/2020 Page 4 of 4 Chart B: Question 4 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Type of Cost } & \multicolumn{1}{|c|}{ Actual Cost } & \\ \hline a. Retro- vinyl album package & $1.30 per album & To be completed by student \\ \hline b. Songwriters' royalties & $0.40 per album & To be completed by student \\ \hline c. Recording artists' royalties & $1.10 per album & To be completed by student \\ \hline d. Advertising and promotion & $280,000 & To be completed by student \\ \hline e. Studio Recording Inc.'s overhead & $260,000 & To be completed by student \\ \hline Pricing Information & $9.25 & To be completed by student \\ \hline f. Selling price to the album & & \\ \hline \end{tabular}