Question: Can you explain it for me step by stepthanks. Fine Line Phones is considering making a fashion cover for its phones. Market research indicates 200K

Can you explain it for me step by stepthanks.

Fine Line Phones is considering making a fashion cover for its phones. Market research indicates 200K units can be sold if price is \$20. Producing the covers requires a \$1M equipment investment and must earn 25% rate of return. What is target cost? $18.75 $20.00 $25.00 $38.75

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