XYZ Inc has made an investment of $25 million to produce its Epsilon product. The company's target is for a 15% return on investment. XYZ produces 150,000 Epsilons per year with a total cost per unit of $45. To achieve the company's target profit, the selling price for each Epsilon needs to be:
A) $25
B) $70
C) $95
D) $105
Correct Answer:
Verified
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B)
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