Question
Q2. A manufacturer has invested $750,000 in a new product and wants to set a price to earn a 15 percent ROI. The cost per
Q2. A manufacturer has invested $750,000 in a new product and wants to set a price to earn a 15 percent ROI. The cost per unit is $18 and the company expects to sell 50,000 units in the first year. Calculate the company's target-return price for this product (1 point, word limit: 50 words)
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
