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 20% markup of life cycle cost,the price is:
Definitions:
Marketplace
A venue, physical or digital, where goods, services, or information are exchanged.
Service
The act of providing assistance, work, or information to fulfill the needs or requirements of others.
Concept
An abstract idea or a general notion that exists in the mind as a result of mental understanding, awareness, or activity.
New-To-The-Market Products
Inventions that have never before been seen and create a new market.
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