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Use the following information to calculate target cost of a new product: Selling price: $125 Profit margin: 22% Marketing: 11% Distribution: 10% Overhead: $16 Group

Use the following information to calculate target cost of a new product:

Selling price: $125

Profit margin: 22%

Marketing: 11%

Distribution: 10%

Overhead: $16

Group of answer choices

$120

$69.75

$55.25

$35.25

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