Bramble Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online
website. Given market research, Bramble believes that it can charge $20 for the Slim Slicer. Prototypes of the Slim Slicer, however, are
costing $21. By using cheaper materials and gaining efficiencies in mass production, Bramble believes it can reduce Slim Slicer's cost
substantially. Bramble wishes to earn a return of 30% of the selling price.
(a)
Compute the target cost for the Slim Slicer.