lackboard 2 hours, 19 minutes, 11 seconds. Path: P Words:0 QUESTION 3 Your cereal manufacturing firm has just adopted the Return on Investment (R.O.I.) profit objective. Your board has approved a $5million total asset investment for the manufacture of a new granola-based cereal product, and they have set a 12% return on investment (ROI) expectation. a. How much profit must be made to achieve this return on investment? b. Assuming we do not have to worry about taxes, how much revenue must be made to get the profit number in part (a)? C. Based on projection models, the firm is guaranteed to sell 800,000 units of this new granola-cereal. How much must the price be set at to achieve the revenue in part (b)? *(Show work in each step) TTTT Paragraph Arial 3(12pt) ET * DOO ET T- O ft Mashups - 1 EL THL ESS Click Save and Submit to save and submit. Click Save All Arners to strellas 111 12 110 REDMI NOTE 9 PRO 64MP QUAD CAMERA 45 17 00 16 CD 18 9 19 7 & lackboard 2 hours, 19 minutes, 11 seconds. Path: P Words:0 QUESTION 3 Your cereal manufacturing firm has just adopted the Return on Investment (R.O.I.) profit objective. Your board has approved a $5million total asset investment for the manufacture of a new granola-based cereal product, and they have set a 12% return on investment (ROI) expectation. a. How much profit must be made to achieve this return on investment? b. Assuming we do not have to worry about taxes, how much revenue must be made to get the profit number in part (a)? C. Based on projection models, the firm is guaranteed to sell 800,000 units of this new granola-cereal. How much must the price be set at to achieve the revenue in part (b)? *(Show work in each step) TTTT Paragraph Arial 3(12pt) ET * DOO ET T- O ft Mashups - 1 EL THL ESS Click Save and Submit to save and submit. Click Save All Arners to strellas 111 12 110 REDMI NOTE 9 PRO 64MP QUAD CAMERA 45 17 00 16 CD 18 9 19 7 &