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 $8,000; Desired profit $70,000. The target manufacturing cost per bottle is: $0.44 $0.60 $0.16 $0.40