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John Richards Inc. has a cost per unit of $10 and an annual volume of sales of 18,000 units. If a $200,000 investment is required

John Richards Inc. has a cost per unit of $10 and an annual volume of sales of 18,000 units. If a $200,000 investment is required and the target rate of return is 12%, calculate the target mark-up per unit. $11.11 $1.33 $11.33 $1.20

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