A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $59 per unit, management projects sales of 70,000 units. Launching the crepe maker as a new product would require an investment of $500,000. The desired return on investment is 12%. The target cost per crepe maker is closest to: A. $59.00 B. $65.12 C. $58.14 D. $66.08
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![A new product, an automated crepe maker, is being introduced at Knutt
Corporation. At a selling price of $59 per unit, management projects sales of
70,000 units. Launching the crepe maker as a new product would require an
investment of $500,000. The desired return on investment is 12%. The target
cost per crepe maker is closest to:
A. $59.00
B. $65.12
C. $58.14
D. $66.08](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F59cc0c1e-c4f3-4fc7-8025-792510f901b9%2Fb703e18a-44b1-4cfd-8f6d-eb5d2e2840da%2Fgk0wk0s_processed.jpeg&w=3840&q=75)
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