Paper Tiger Stationary Company Is a Price-Taker and Uses Target

Paper Tiger Stationary Company is a price-taker and uses target pricing.Refer to the following information: $$\begin{array} { | l | l | l | } \hline \text { Production volume } & 501,000 & \text { units per year } \\\hline \text { Market price } & \$ 30 & \text { per unit } \\\hline \text { Desired operating income } & 16 \% & \text { of total assets } \\\hline \text { Total assets } & \$ 1,600,000 & \\\hline\end{array}$$ What is the target full product cost per year? Assume all units produced are sold.

A) $18,030,000
B) $17,774,000
C) $25,600,000
D) $10,217,000