If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Accounting question

Litan Corp. has $450,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $850,000, and its net income after taxes was $32,500. The stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 18%. What profit margin would Litan Corp. need in order to achieve the 18% ROE, holding everything else constant?

You believe the expected return on ABC is 16.20%, and that the variance of ABC's returns is 0.6400. What is the coefficient of variation for this company? Express the answer with 3 decimal places.