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Please answer and explain. I am taking the test now. Timax Corporation, a manufacturer of moderate-priced time pieces, would like to introduce a new electronic

Please answer and explain. I am taking the test now.

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Timax Corporation, a manufacturer of moderate-priced time pieces, would like to introduce a new electronic watch. To compete effectively. the watch could not be priced at more than $34. The company requires a return on investment of 25 on all new products. The plan is to produce and sell 14,000 watches each year. This would require a $537600 investment. The terget cost per watch would be: O $44.40 O $1700 O $24.40 O $2040

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