Electronic Component Company $($ECC$)$ is a producer of high$-$end video and music equipment. ECC currently sells its top of the line "ECC" video player for

a price of $$430.$ It costs ECC $$300$ to make the player. ECC's main competitor is coming to market with a new video player that will sell for a price of

$$400.$ ECC feels that it must reduce its price to $$400$ in order to compete. The sales and marketing department of ECC believes the reduced price will

cause sales to increase by $19\%.$ ECC currently sells $218,000$ video players per year.

What is the target cost if target profit is $25\%$ of sales and ECC must meet the competitive price of $$400?$

Multiple Choice

$$292\mathrm{.}50.$

$$300\mathrm{.}00.$

$$308\mathrm{.}25.$

$$314\mathrm{.}00.$

$$260\mathrm{.}00$