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Grouper Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market

Grouper Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market research, Grouper believes that it can charge $20 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $23. By using cheaper materials and gaining efficiencies in mass production, Grouper believes it can reduce Slim Slicer's cost substantially. Grouper wishes to earn a return of 20% of the selling price.(a)Compute the target cost for the Slim Slicer.

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