A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $32 per unit, management projects sales of 72,000 units. Launching the crepe maker as a new product would require an investment of $200,000. The desired return on investment is 14%. The target cost per crepe maker is closest to: (Round your answer to 2 decimal places.)

CHoices: XVIII

• $32.00

• $31.61

• $39.80

• $39.42