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Suppose a toaster manufacturer has invested $1 million and wants to set a price to earn a 20% ROI, specifically $200,000. The cost to make

Suppose a toaster manufacturer has invested $1 million and wants to set a price to earn a 20% ROI, specifically $200,000. The cost to make one toaster is $16 and sales are expected to reach 50,000 units. The target return price is how much?

a. $20

b. $4

c. $40

d. $16

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