After conducting a market research$$ study, Potter Products decided to produce an electric coffee pot to complement its line of kitchen products. It is estimated that the new coffee pot can be sold at a target price of$$ $$66.$ The annual target sales volume for the coffee pot is $.$ Potter has target operating income of$18\%$ of sales.

What is the target cost for each coffee$$ pot? Round to the nearest cent.

Question content area bottom

Part $1$

A$.$

$$$$54\mathrm{.}12$

B$.$

$$$$44\mathrm{.}51$

C$.$

$$$$32\mathrm{.}80$

D$.$

$$$$3\mathrm{.}77$

E$.$

$$$$30\mathrm{.}93$