The Blooming Company is involved in producing and selling trailers used in hauling off road equipment. They have just recently decided to add a towing system to their trailers to haul vehicles and theyve investing $5,000,000.00 into this venture which they believe they can sell 40,000 at the price of $1,200.00. The company wants an ROI of 40%.

Determine the target cost: $___________________