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A new product, an automated crepe maker, is being introduced at Miyake Corporation. At a selling price of $50 per unit, management projects sales of
A new product, an automated crepe maker, is being introduced at Miyake Corporation. At a selling price of $50 per unit, management projects sales of 40,000 units. Launching the crepe maker as a new product would require an investment of $800,000. The desired return on investment is 10%. The target cost per crepe maker is closest to:
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