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Question 9 15 pts Company X is trying to determine the appropriate subscription price of their new service line. Fixed costs are projected to be

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Question 9 15 pts Company X is trying to determine the appropriate subscription price of their new service line. Fixed costs are projected to be $13,000,000 per year. Variable costs are about $12.00 per customer. Company X's investors expect to earn a 10% return on the company's $39,000,000 of assets. The company expects to attract approximately 520,000 customers. Company X has a favorable reputation in the industry and therefore has some control over what they charge. Using a cost-plus approach, what price should Company X charge for a subscription? $ 7.50 None of these $ 44.50 $29.50 $ 37.00

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