Sheridan Company wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $3.10 per 12 oz. bottle. The following data has been collected: Projected annual sales 40000 bottles Projected selling and administrative costs $10000 Desired profit $80000 The target cost per bottle is $0.85. $1.10. $1.00. O $0.25