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An automotive firm produces and sells passenger cars within the South East Asian region. Currently, its manufacturing operations are situated in 3 different countries and

An automotive firm produces and sells passenger cars within the South East Asian region. Currently, its manufacturing operations are situated in 3 different countries and would like to consolidate all into a single location in the Philippines. Based on a study, putting up an assembly plant in a techno park in the Philippines will have a Fixed Cost of $350,000 per month and Variable Cost of $20,000 per unit of car produced. Each car sells $22,000 each.
Formula for reference:
QBEP = FC / R-VC
P = Q(R - v)- FC
27. Suppose the Philippine plant can only produce a maximum of 160 units per month and the firm still wants to maintain a profit target of $180,000 per month, at what price should the firm sell each car?
*Do not include the currency symbol in your answer and round off to 2 decimal places.

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