A new product an automated crepe maker is being introduced

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A new product, an automated crepe maker, is being introduced by a corporation. At a selling price of $72 per unit, management projects sales of 20,000 units. Launching the crepe maker as a new product would require an investment of $700,000. The desired return on investment is 14%. The target cost per crepe maker is closest to?

Reference no: EM13581298

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