A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $72 per unit, management projects sales of 85,000 units. Launching the crepe maker as a new product would require an investment of $600,000. The desired return on investment is 13%. What is the target cost per crepe maker?give me the answer

A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $72 per unit, management projects sales of 85,000 units. Launching the crepe maker as a new product would require an investment of $600,000. The desired return on investment is 13%. What is the target cost per crepe maker?give me the answer

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter15: Decision Analysis

Section: Chapter Questions

Problem 5P: Hudson Corporation is considering three options for managing its data warehouse: continuing with its...

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