Current Attempt in Progress

Sheffield Company is involved in producing and selling high$-$end golf equipment. The company has recently been involved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a very large potential market. Because of competition, Sheffield does not believe that it can charge more than $$92$ for LittleLaser. At this price, Sheffield believes it can sell $118,000$ of these laser guns. Sheffield will require an investment of $$14,750,000$ to manufacture, and the company wants an ROI of $16\%.$

Determine the target cost for one LittleLaser.