Your Company Has Invested $1,000,000 in Plant and Equipment and Wants

Multiple Choice

Your company has invested $1,000,000 in plant and equipment and wants to ensure that it receives a 20% ROI on the pricing of its products.This 20% translates into $200,000.At a $16.00 cost and a 50,000 expected sales volume,at what price must your product "go out the door" to satisfy this ROI return

A) $24.00
B) $20.00
C) $40.00
D) $44.00
E) none of the above