Bonita Industries has gathered the following information for one model of its hiking boots: Variable manufacturing costs $36000 Variable selling and administrative costs $18000 Fixed manufacturing costs $120000 Fixed selling and administrative costs $80000 Investment $1400000 ROI 30 % Planned production and sales 10000 pairs What is the target selling price per pair of boots? $62.00 $47.40 $57.60 $67.40