(Solved): Joe Company sells oil filters; the current market price is \( \$ 3 \) per filter. Assume the shareh ...

Joe Company sells oil filters; the current market price is \( \$ 3 \) per filter. Assume the shareholder expect a \( 10 \% \) annual return on the company's asset ( \( \$ 1,000,000 \) ). a. Given the current sales volume of 250,000 units, what is the target cost? b. Here is Joe's current cost estimation based on 250,000 units: Can they achieve their target? Joe hired you as their consultant, what suggestions can you make to help them achieve their target?