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Hen Company has developed a new product, egg crates that prevent breakage. The cost per crate is $70 and the company expects to sell 1000

Hen Company has developed a new product, egg crates that prevent breakage. The cost per crate is $70 and the company expects to sell 1000 crates per year. Hen Company has invested $1700000 in equipment to produce the crates and desires a 12% return on investment. What is Hen Companys selling price for one egg crate?

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