please solve the question clearly step by step

Malcolm Ltd manufactures handbags and other fashion accessories. Malcolm Ltd has recently considered a plan to introduce a new traveling bag in a highly competitive market. The proposed product can intrude and compete in the market if sold at a price of $50 per bag. Malcolm Ltd can produce and sell 10,000 bags a year if it invests $1,290,019. The management desires 10% ROI from this product. Required: Calculate the target cost of one bag