Fantabulous Products Sells 2,200 Kayaks Per Year at a Price

Fantabulous Products sells 2,200 kayaks per year at a price of $470 per unit.Fantabulous sells in a highly competitive market and uses target pricing.The company has $1,000,000 of assets,and the shareholders wish to make a profit of 18% on assets.Assume all products produced are sold.What is the target full product cost?

A) $18,000,000
B) $854,000
C) $1,220,120
D) $1,034,000