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Sheridan Company has developed a new product, egg crates that prevent breakage. The cost per crate is $55 and the company expects to sell 1000

Sheridan Company has developed a new product, egg crates that prevent breakage. The cost per crate is $55 and the company expects to sell 1000 crates per year. Sheridan Company has invested $1760000 in equipment to produce the crates and desires a 10% return on investment. What is Sheridan Company's desired markup percentage? 100% 320% 10% 32%

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