One of the company's marketing managers wants to use target-return pricing to determine the selling price of the chair.

The company has invested $500,000 in the company and wants a 20 percent ROI. The company assumes it will sell 10,000 chairs in the upcoming year.

Based on this information, what is thetarget-return price(HINT: you have to calculate unit cost first based on 10,000 sales)?

Group of answer choices

$120

$100

$90

$130