If in a given year a company spends $2 million on new product development, design, and engineering for its entry-level camera line; $4 million on new product development, design, and engineering for its multi-featured camera line; assembles and ships 1,000,000 entry-level cameras and 200,000 multi-featured cameras, then the companys production costs for new product development expenditures for entry-level cameras would be:

Please provide all the steps in calculation!

• $20.00 per camera
• $4.00 per camera
• $2.00 per camera
• $5.00 per camera
• capitalized and depreciated over the next five years, thus producing an average cost per entry-level camera of $0.40 annually for each of the next five years