Crimpson Company has invested $2,100,000 in a plant to make commercial juicer machines. The target...
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Crimpson Company has invested $2,100,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $310,000 annually. The company plans annual sales of 7,600 juicer machines at a selling price of $500 each.
What is the target rate of return on investment for Crimpson Company?
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