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A Cost - Plus Pricing strategy is used by Company X to set its product prices. To achieve a 1 5 % ROI on a

A "Cost-Plus Pricing" strategy is used by Company X to set its product prices. To achieve a 15% ROI on a new product line, given the following information, what price should Company X charge for this new product?

Capital Investment for new product: $20,000,000

projected annual sales in units: 300,000

per unit full product cost: $100.50

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