Question: Hi i need help on what is the answer for this question with answer and explanation please? also considering all factors (number) in the problem.

Hi i need help on what is the answer for this question with answer and explanation please? also considering all factors (number) in the problem. Thanks a lot

Smith and Company is considering adding a bike to its current product line. john, the too manager believes that in order to be competitive, the bike cannot be priced above $139. The company requires a minimum return of 25% on its investments, Launching the new bike would require an investment of $8,000,000 and sales are expected to be 40,000 units of the bike per year. Compute the target cost of a bike. What does this target cost mean for Smith and Company

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