eastern auto supply in produce and distributes auto supplies. The company is anxious to enter the rapidly growing market for long-life batteries that's is based in lithium technology. Management believes that to be fully competitive, the price of the new battery that produced can not exceed $65. At this price, management is confident that the company can sell 50,000 batteries per year. The batteries would require an investment of $2500000, and the desire ROI is 20%.

Compute target cost of one battery