Executives of Studio Recordings Inc. produced the latest compact disc by the Starshine Sisters Band, titled Sunshine/Moonshine. The following Cost and Price information in Table 1 pertains to the CD. Table 1: Cost and Price Information Type of Cost Cost a. CD package cost $1.30/CD b. Songwriters royalties $0.40/CD c. Recording artists royalties $1.10/CD d. Advertising and promotion costs $280,000 e. Studio Recording Inc.s overhead costs $260,000 Pricing Information Price f. Selling price to the CD distributor $9.25 Q. If you were tasked to produce $300,000 minimum in profit, what would your pricing recommendation be? Consider the ethical considerations of your decision. Support your recommendation in one to two paragraphs and complete Chart B below with your new recommendations. Supporting paragraph(s): Chart B: Question 4 Type of Cost Actual Cost New Recommendation a. CD package $1.30 per CD To be completed by student b. Songwriters royalties $0.40 per CD To be completed by student c. Recording artists royalties $1.10 per CD To be completed by student d. Advertising and promotion $280,000 To be completed by student e. Studio Recording Inc.s overhead $260,000 To be completed by student Pricing Information Actual Price f. Selling price to the CD distributor $9.25 To be completed by student