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A new product, an automated crepe maker, is being introduced by a corporation. At a selling price of $72 per unit, management projects sales of 20,000 units. Launching the crepe maker as a new product would require an investment of $700,000. The desired return on investment is 14%. The target cost per crepe maker is closest to?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9958875

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