Henry Corp. is in negotiations to supply 40,000 units of a product to a customer. The per unit price will be $12. The company wants to earn 12% on the investment of $1,200,000 that will be required to manufacture the product. On previous similar contracts, the company was able to manufacture the product at a cost of $11 per unit. What is the cost per unit of this product?

Multiple Choice

• $ 3.60

• $ 8.40

• $10.68

• $11.00