Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $$1\mathrm{.}50$ per $12$ oz$.$ bottle. The following data has been collected:

Annual sales $50,000$ bottles

Projected selling and administrative costs $$8,000$

Desired profit

$$50,000$

The target cost per bottle is

A$.$ $$0\mathrm{.}44$

B$.$ $$0\mathrm{.}50$

C$.$ $$0\mathrm{.}66$

D$.$ $$0\mathrm{.}70$