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Management of Daubert Corporation is considering a new product, an outdoor speaker that would have a selling price of $43 per unit and projected sales of 60,000 units. Launching the new product would require an investment of $300,000. The desired return on investment is 13%.
Required:
Determine the target cost per unit for the outdoor speaker.
Security Interest
A legal claim or right on assets granted to a creditor or a lender, to secure the repayment of a debt.
Automobile
A road vehicle, typically with four wheels, powered by an internal combustion engine or electric motor, used for transporting passengers.
Trademark
A symbol, word, or phrase legally registered or established by use as representing a company or product, offering protection against its use by others.
Copyright
The protection of the expression of a creative work; that is, protection of the fixed form that expresses the ideas.
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