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 Projected selling and administrative costs $18,000 Desired profit 50,000 bottles 40,000 The target cost per bottle is Select one: a. $0.80 b. $1.20 c. $0.64 d. $0.84