Question: Silver Lining Cloud Storage is considering introducing a compact storage device that stores data for companies. Market research shows that 250,000 units can be sold

Silver Lining Cloud Storage is considering introducing a compact storage device

Silver Lining Cloud Storage is considering introducing a compact storage device that stores data for companies. Market research shows that 250,000 units can be sold if the price is no more than $18. If Silver Lining decides to produce this device, it will need to invest $500,000 in new equipment. Silver Lining requires a minimum rate of return of 25% on all investments Determine the target cost per unit for the storage device Select one: a. $25 b. $17.50 c. $18.50 d. $.50

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