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 $2.00 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs Desired profit $70,000 The target cost per bottle is a. $0.44. b $0.60 c. $0.16. d. $0.40