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$8.$ Apex Company is considering introducing a new line of filtration products. Apex believes that if the filters can be priced competitively at $$50$ then approximately $300,000$ units can be sold. The controller has determined that an investment in new equipment totaling $$4,000,000$ will be required. Sterling requires a minimum rate of return of $18\%$ on all investments.

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Instructions

Compute the target unit cost of the filter.