Send it into Orbit Golf Inventions is considering introducing a new high velocity long distance golf ball. The company believes that if the golf balls can be priced competitively at $$72$ per box of $12,$ approximately $24,000$ boxes can be sold. The CEO $($Chief Executive Officer$)$ feels an investment in new manufacturing equipment will be necessary. The cost of the new equipment to manufacture the balls will be $$1,450,000.$ Send it into Orbit requires a minimum rate of return of $20\%$ on all investments, therefore, if the company was to pursue this new golf ball market, their minimum return of $20\%$ on all investments would mean that their profit necessary from investing in the new equipment would be $$1,450,000$ x $20\%=$ $$290,000.$ Instructions$1.$ Base on the companys minimum rate of return of $20\%,$ compute the target cost per box of balls. $2.$ What would the target cost per box be if the company were willing to accept a return of $18\%$ instead of $20\%?3.$ What qualitative factors should the company consider in evaluating the above opportunity?