Johnson Marine has the following costs and expected sales for the coming year.Johnson is considering a number of different methods to determine the price of its product. 
If Johnson determines price using a 40% markup of full manufacturing cost,the price is:
Definitions:
National Football League
The National Football League (NFL) is a professional American football league consisting of 32 teams, divided between the National Football Conference (NFC) and the American Football Conference (AFC).
Licenses
Official permissions granted by authorities allowing individuals or companies to carry out certain activities, such as driving or operating a business.
Price Floor
A government or group-imposed minimum price set above the equilibrium price, ensuring sellers cannot charge less than this amount.
Market-clearing Price
The price at which the quantity supplied of a product equals the quantity demanded, effectively clearing the market of any surplus or shortage.
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