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Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtle's marketing department believes the

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Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtle's marketing department believes the product will sell for $60. Turtle's goal is a 45 percent profit margin on the widget. Required: If current prototypes cost $40.50 to produce, will Turtle meet its profit goal? Yes Calculate the target cost necessary for Turtle to earn 45 percent profit. Target Cost ________

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