11 ints eBook Exercise 13A-4 (Algo) Target Costing [LO13-11] Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at a target selling price of $15 per unit. The company is investing $6,020,000 to purchase the equipment it needs to produce and sell 516,000 units per year. Its required rate of return on all investments is 12% Required: Compute the component's target cost per unit. (Round your answer to 2 decimal places.) Target cost per unit