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Calculate the sales price the company should set in order to earn a 15% return on equity given the following. Assume the following: Variable costs

Calculate the sales price the company should set in order to earn a 15% return on equity given the following. Assume the following:

  • Variable costs per unit = $145
  • Fixed operating costs = $260,000
  • Stockholders equity = $725,000
  • Sales in units = 3,000

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