Question: Suppose executives estimate that the unit variable cost for their DVD recorder is $200, the fixed cost related to the product is $15 million annually,

Suppose executives estimate that the unit variable cost for their DVD recorder is $200, the fixed cost related to the product is $15 million annually, and the target volume for next year is 150,000 recorders. What sales price will be necessary to achieve a target profit of $1.2 million?

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