Fantabulous Products sells

2 comma 2002,200

kayaks per year at a price of

$ 480$480

per unit. Fantabulous sells in a highly competitive market and uses target pricing. The company has

$ 990 comma 000$990,000

of assets, and the shareholders wish to make a profit of

1616%

on assets. Assume all products produced are sold. What is the target full product cost?