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Swifty Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $40000 Variable selling and administrative costs $15000 Fixed manufacturing costs

Swifty Corporation has gathered the following information concerning one model of shoe:

Variable manufacturing costs $40000
Variable selling and administrative costs $15000
Fixed manufacturing costs $160000
Fixed selling and administrative costs $120000
Investment $1700000
ROI 30%
Planned production and sales 5000 pairs

What is the target selling price per pair of shoes?

$142

$113

$169

$158

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