Question: A software development company is evaluating the costs of developing a new mobile application. The company estimates that it will require 50,000 hours of development

A software development company is evaluating the costs of developing a new mobile application. The company estimates that it will require 50,000 hours of development time. The fixed costs for the project are $1.2 million, and the variable costs per hour of development are $40. If the company plans to sell the application for $12 per user per month and expects to have 150,000 users per month, what is the company's target profit?

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