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PRINTER VERSION BACK NEXT Question 1 Culver Cheese Company has developed a new cheese sicer called the Slim Slicer. The company plans to sell this slicer through its monthly catalogue. Given market research, Culver management believes the company can charge $40 for the Slim Slicer Prototypes of the Slim Slicer, however, are costing $14. By using cheaper materials and gaining effidencies in mass production, management believes Culver can reduce the Slim Slicer's cost substantially. The company wants to earn a return of 20% of the selling price. (a) Calculate the target cost for the Slim Slicer. (Round answer to 2 decimal places, e... 15.25.) Target cost $ LINK TO TEXT