Sheridan Company wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2 per 12 oz. bottle. The following data has been collected: 50000 bottles Annual sales Projected selling and administrative costs Desired profit $8400 $72000 The target cost per bottle is O $0.44. O $0.39. $0.17. O $0.56