(Solved): Current Attempt in Progress Michelle owns a small manufacturing company, Kingbird Camping Stuff Co. ...

Current Attempt in Progress Michelle owns a small manufacturing company, Kingbird Camping Stuff Co. The company has been working to perfect a lightweight plastic material to be used for a variety of camping products. Michelle plans to enter the marketplace with a durable, lightweight folding table. Similar tables regularly sell for

for a 6 -foot table, so Michelle realizes that she'll have to stay within that range. She believes her table could sell on the higher end of this range, however, so she is using a target selling price of

for planning purposes. Michelle needs to generate an ROI of at least

on her invested assets to make this worthwhile in the long term. Her invested assets are

, and she expects to sell 5,000 tables in her first year of activity. (a) Calculate the target cost for one table. Target cost for one table

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