Paper Tiger Stationary Company is a price-taker and uses target pricing. Refer to the following information:

Production volume	601,000	units per year
Market price	$30	per unit
Desired operating income	16%	of total assets
Total assets	$1,600,000

What is the target full product cost per year? Assume all units produced are sold.

A) $18,030,000

B) $17,774,000

C) $25,600,000

D) $10,217,000