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Lawn King, a manufacturer of riding lawn mowers, realizes a cost of $450 for every unit it produces. Its total fixed costs equal $6 million.

Lawn King, a manufacturer of riding lawn mowers, realizes a cost of $450 for every unit it produces. Its total fixed costs equal $6 million. If the company manufactures 1 million units, compute the following:

  1. unit cost

  2. markup price if the company desires a 30% return on sales

  3. ROI price if the company desires a 60% return on an investment of $2 million

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