CoursHeroTranscribedText: Shimada Products Corporation of Japan plans to introduce a new electronic component to the...
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CoursHeroTranscribedText: Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at a target selling price of $15 per unit. The company is investing $8,800,000 to purchase the equipment it 5 needs to produce and sell 480,000 units per year. Its required rate of return on all investments is 12%. po'nts Required: Compute the component's target cost per unit. (Round your answer to 2 decimal places.) a Answer is com plete but not entirely correct
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