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If the firm desires to net 450 per unit in profit over

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Taurus Tools has developed a new kitchenutensil. The firm has conducted significant market research and estimated the following pattern for sales of the new product:

Year                                ExpectedVolume                         Expected Price perUnit

1                                        38,000units                                    $19

2                                        48,000units                                     18

3                                        90,000units                                     16

4                                        40, 000units                                    12

If the firm desires to net $4.50 per unit in profit over thelife of the product, what is the target cost to produce the new utensil?

Reference no: EM13482542

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