Show me the steps to solve

Llanelli Inc. manufacturers hand dryers and the company employs target costing. The following data is given for a hand dryer:

The likely selling price is R$200$; expected sales is $1500$; investment required is R$1000000.$ If the company requires a $12\%$ ROI calculate the target cost per hand dryer.

Select one:

a$.$ R$160$

b$.$ R$170$

c$.$ R$180$

d$.$R$120$