Crane Company wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2 per 12 oz. bottle. The following data has been collected:

Annual sales	48000 bottles
Projected selling and administrative costs	$8000
Desired profit	$60000

The target cost per bottle is

$0.17.

$0.58.

$0.25.

$0.75.