EMVP Company has the following information for one model of its metal bats:

Variable manufacturing costs $$40,000$

Variable selling and administrative costs $$20,000$

Fixed manufacturing costs $$160,000$

Fixed selling and administrative costs $$120,000$

Investment $$1,700,000$

ROI $30\%$

Planned production and sales $5,000$ pairs

What is the target selling price per pair of boots? $($Hint: $30\%$ return on its investment of $$1,700,000$ is $$510,000.$ If we divide this amount by $5,000$ units, we arrive at the desired ROI per unit or $$102$ so the markup percentage on cost is $150\%.)$

$$142$

$$170$

$$114$

$$158$