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What is the target operating income per unit

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Reference no: EM132982928

Problem 1: A company's invested capital is $13,000,000 and management has determined that the target rate of return on investment is 10%. Last year, the company produced 121,313 units and this year expects to units sales to be 10% above last year. The cost of the product is estimated to be $13 per unit. What is the target operating income per unit? (Round any intermediary calculations to the nearest unit and your final answer to the nearest cent.)

a. $9.74
b. $9.00
c. $8.31
d. $8.99

Reference no: EM132982928

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