Using the cost-plus pricing approach, what should be the sales price per unit? (Round your answer to the nearest cent.)
Titan Metalworks produces a special kind of metal ingots that are unique, which allows Titan to follow a cost-plus pricing strategy. Titan has $10,000,000 of assets and shareholders expect approximately a 8% return on assets. Assume all products produced are sold. Additional data are as follows:
A) $15.00
B) $19.00
C) $21.00
D) $2.00
C) $21.00
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