If Finn wants to earn a 20% return on equity, at what price should it sell the new product?
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Finn Products, a start-up company, wants to use cost-based pricing for its only product, a unique new video game. Finn expects to sell 10,000 units in the upcoming year. Variable costs will be $65 per unit and annual fixed operating costs (including depreciation) amount to $80, 000.Finn’s balance sheet is as follows: A. $75.00 B. $78.60 C. $79.00 D. $81.00 |