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Smith Soda is introducing a new root beer that will sell for $3 per bottle. Smith must invest $60,000 in new equipment to make the
Smith Soda is introducing a new root beer that will sell for $3 per bottle. Smith must invest $60,000 in new equipment to make the root beer. If Smiths per-bottle target cost is $2.95 and the required rate of return on investment is 20%, how many bottles must Smith sell? Round to the nearest whole number.
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