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Hen Company has developed a new product, egg crates that prevent breakage. The cost per crate is $50 and the company expects to sell 1,000

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Hen Company has developed a new product, egg crates that prevent breakage. The cost per crate is $50 and the company expects to sell 1,000 crates per year. Hen Company has invested $1,000,000 in equipment to produce the crates and desires a 10% return on investment. What is Hen Company's selling price for one egg crate? $250 $150 $110 $100

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