Fowler Company is a price-taker and uses target pricing. Refer to the following information: Production volume 600,000 units per year Market price $30 per unit Desired operating income 17% of total assets Total assets $13,700,000 Variable cost per unit $17 per unit Fixed cost per year $5,600,000 per year With the current cost structure, Fowler cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that variable costs cannot be reduced, what are thetarget fixed costs per year? Assume all units produced are sold. a $12,400,000 b $5,600,000 c $5,471,000 d $10,200,000