- This topic has 0 replies, 1 voice, and was last updated 10 years ago by
.
Viewing 1 post (of 1 total)
- Posts
A company is deciding whether to develop a new product.The development of the product would require an investment of $2 million,on which the company would reqiure an annual return of 15%.
Market research anticipates an annual demand of 55 000 units if the unit selling price is $18.
Calculate the target cost for the product.
Give your answer to the nearest cent.
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.