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Assume that a company plans to introduce a new product to the market at a target selling price of $20 per unit. It is investing

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Assume that a company plans to introduce a new product to the market at a target selling price of $20 per unit. It is investing $4,000,000 to purchase the equipment needed to produce and sell 250,000 units per year. Assuming the company's required rate of return on all investments is 18.50%, what is the new product's target cost per unit? Multiple Choice $18.04 $21.52 $17.04 $22.52

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