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b) Eagle Inc. is an American firm located in Boston. The firm sells standard spare parts to car manufacturers in the US. The following relevant

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b) Eagle Inc. is an American firm located in Boston. The firm sells standard spare parts to car manufacturers in the US. The following relevant information is supplied - for a budgeted volume of 70,000 units. The firm's management requests that the total cost per unit be used in cost-plus pricing its products. On this particular product, management also directs that the target price be set to provide a 20% return on investment (ROI) on invested assets of USD 150,000,000. Compute the markup percentage and target selling price that will allow the firm to earn its desired ROI of 20% on this new component! ( 3 points)

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