Crimpson Company has invested $2,100,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $305,000 annually. The company plans annual sales of 7400 juicer machines at a selling price of $600 each.
What is the target rate of return on investment for Crimpson Company?
A) 6.9%
B) 7.4%
C) 14.5%
D) 12.5%
Correct Answer:
Verified
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