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Newton Company currently produces and sells 5,000 units of a product that has a contribution margin of $7 per unit. The company sets the product

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Newton Company currently produces and sells 5,000 units of a product that has a contribution margin of $7 per unit. The company sets the product for a soles price of $22 per unit. Fred costs are $25.000. The company is considering investing in new technology that would decrease the variable cost per unit to $10 per unit and double total fored costs. The company expects the new technology to increase production and swes to 10,000 units of product What sales price would have to be charged to earn a $90,000 target profit assuming the investment in technology is made? Multiple Choice O $24 $18 $10 $22

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