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A manufacturer of electronic products has designed a new product. The organisation's marketing department believes that 200,000 units of the product could be sold at a price of $25 each. Development and manufacturing costs of the product total $16,000,000. The organisation requires a minimum of 12 % return on any investment. What is an appropriate target cost for the new product? A. $9.60 B. $25 C. $15.40 D. $80 |