Alway Candy Corporation is implementing a target costing approach for its latest new product, the "Big Glob" candy bar. The following information relates to the Big Glob: 
Based on this information, what is Alway's target selling price per bar for the Big Glob?
Definitions:
Arbitrage
Arbitrage is the simultaneous purchase and sale of the same asset in different markets to profit from unequal prices.
Overconfidence
The belief that your abilities are better than they really are.
Underestimating
Underestimating refers to the act of evaluating something as less powerful, important, or serious than it actually is, which can lead to miscalculations in finance and planning.
Anchoring And Adjustment
A cognitive heuristic where individuals rely too heavily on an initial piece of information (anchor) when making decisions, adjusting insufficiently from that anchor.
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