A company's invested capital is $13,000,000 and management has determined that the target rate of return on investment is 10%.Last year, the company produced 121,313 units and this year expects to units sales to be 10% above last year.The cost of the product is estimated to be $13 per unit. What is the target operating income per unit? (Round any intermediary calculations to the nearest unit and your final answer to the nearest cent.)

a.$9.74

b.$9.00

c.$8.31

d.$8.99

Bollard Company manufactures a product that has a full cost of $700.Its target operating income per unit is $50.To stay competitive, Bouchard management believes it must cut its price by 15%. What will be its new target price?

a.$587.50

b.$700

c.$637.50

d.$50