Question
Home Machines has learned that total market demand for home generators is expected to be $98,470,316. To enter this market Home Machines would face total
Home Machines has learned that total market demand for home generators is expected to be $98,470,316. To enter this market Home Machines would face total relevant fixed costs of $3,337,112, and variable costs totaling $406 per generator manufactured. Home Machines expects to sell its generators for $653 each. Home Machines will not launch the venture unless it can be assured of turning a profit of at least $634,488. Calculate breakeven market share for Home Machines' home generator, while meeting the profit target. (Report your answer as a percent. Report 25.2%, for example, as "25.2". Rounding: tenth of a percent.)
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