A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $46 per unit, management projects sales of 86,000 units. Launching the crepe maker as a new product would require an investment of $340,000. The desired return on investment is 11%. The target cost per crepe maker is closest to: (Round your answer to 2 decimal places.)

Multiple Choice

• $53.80

• $46.00

• $45.57

• $53.42