A "Cost$-$Plus Pricing" strategy is used by Company X to set its product prices. To achieve a $15\%$ ROI on a new product line, given the following information, what price should Company X charge for this new product?

Capital Investment for new product: $$20,000,000$

projected annual sales in units: $300,000$

per unit full product cost: $$100\mathrm{.}50$

Answer rating: 100% (QA)

To calculate the price that Company X should charge for the new product line to achi... View the full answer