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The Fresh Air Sports Company produces a wide variety of sports equipment. Its newest division, Golf Technology, manufactures and sells a single product-AccuDriver, a golf
The Fresh Air Sports Company produces a wide variety of sports equipment. Its newest division, Golf Technology, manufactures and sells a single product-AccuDriver, a golf club that uses global positioning satellite technology to improve the accuracy of golfers' shots. The demand for AccuDriver is relatively insensitive to price changes. The following data are available for Golf Technology, which is an investment center for Fresh Air Sports: (Click the icon to view the data.) Read the requirements. Data table Requirement 3. Assume that Fresh Air Sports judges the performance of its investment centers on the basis of RI rather than ROI. What is the minimum selling price that Golf Technology should charge per AccuDriver if the company's required rate of return is 22% ? (Round your answer to the nearest cent.) The minimum selling price that Golf Technology Division per AccuDriver (if the company's required rate of return is 22%) is
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