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Claro Phones is considering introducing a fashion cover for its phones. Market research indicates that 300,000 units can be sold if the price is
Claro Phones is considering introducing a fashion cover for its phones. Market research indicates that 300,000 units can be sold if the price is no more than $30. If Claro Line decides to produce the covers, it will need to invest $1,500,000 in new production equipment. Fine Line requires a minimum rate of return of 35% on all investments. Determine the target cost per unit for the cover.
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