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Wildhorse Co. wants to introduce a new digital display, laser driven iron to the market. The estimated unit sales price is $90. The required investment
Wildhorse Co. wants to introduce a new digital display, laser driven iron to the market. The estimated unit sales price is $90. The required investment is $4,270,000. Unit sales are expected to be 366,000 and the minimum required rate of return on all investments is 15%. Compute the target cost per iron. (Round answer to 2 decimal places, e.g. 52.75.) Target cost $ per iron
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