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Cullumber Company has developed a new product, egg crates that prevent breakage. The cost per crate is $55 and the company expects to sell 1000

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Cullumber Company has developed a new product, egg crates that prevent breakage. The cost per crate is $55 and the company expects to sell 1000 crates per year. Cullumber Company has invested $1320000 in equipment to produce the crates and desires a 8% return on investment. What is Cullumber Company's desired markup percentage? 0 24% O 192% O 80% O 8%

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