A company requires a return of $12 %$ in the coming year on its investment of $$
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A company requires a return of $12 \%$ in the coming year on its investment of $\$ 1,000,000$ in product $\mathrm{J}$. The selling price of product $\mathrm{J}$ is set at $\$ 52.00$ for each unit, and sales for the coming year are expected to reach 5,000 units. What is the target cost for each unit for the coming year?
A. $\$ 24$
B. $\$ 28$
C. $\$ 44$
D. $\$ 50$
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