Brexit Pty Ltd manufactures items for politicians. They are planning to introduce a new product, called the 'Right-wing'. Current plans require production and sale of 1000 products with estimated production costs as follows. The average amount of capital invested in the new product is $900 000 and Brexit's target return on investment for it is 18 per cent. What price must Brexit charge if the company uses cost-plus pricing based on total variable cost? Select one: $1930 $712 $1192 $1030

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