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Management of Niemczyk Corporation is considering a new product, an outdoor speaker that would have a selling price of $31 per unit and projected sales of 10,000 units. Launching the new product would require an investment of $700,000. The desired return on investment is 16%.Required:Determine the target cost per unit for the outdoor speaker.
Federal Depository Bank
A financial institution that has been authorized to hold deposits for the Federal Reserve, facilitating the execution of fiscal policies.
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