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For a given turnover ratio (defined as the ratio of annual gross sales to Fixed capital investment) of 1.0m calculate the selling price in dollars

For a given turnover ratio (defined as the ratio of annual gross sales to Fixed capital investment) of 1.0m calculate the selling price in dollars per kilogram of product for a total capital investment for a chemical plant is $1 million and the working capital is $100,000. The plant can produce an average of 8000 kg of final product daily during a 365-day year.

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