EMVP Company has the following information for one model of its metal bats:
Variable manufacturing costs: $40,000
Variable selling and administrative costs: $20,000
Fixed manufacturing costs: $160,000
Fixed selling and administrative costs: $120,000
Investment: $1,700,000
ROI: 30%
Planned production and sales: 5,000 pairs

What is the target selling price per pair of bats? (Hint: 30% return on its investment of $1,700,000 is $510,000. If we divide this amount by 5,000 units, we arrive at the desired ROI per unit or $102, so the markup percentage on cost is 150%.)
- $142
- $170
- $114
- $158