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will upvote. thanks Oriole is considering introducing a water filtration device for its one-litre water bottles. Market research indicates that 1,000,000 units can be sold
will upvote. thanks
Oriole is considering introducing a water filtration device for its one-litre water bottles. Market research indicates that 1,000,000 units can be sold if the price is no more than $5. If Oriole decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Oriole requires a minimum rate of return of 15% on all investments. Determine the target cost per unit for the filter. (Round answer to 2 decimal places, e.g. 15.25.)Step by Step Solution
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