Blue Spruce Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that 1,000,000 units can be sold if the price is no more than $5. If Blue Spruce Water decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Blue Spruce Water requires a minimum rate of return of 21% on all investments. Determine the target cost for the filter. (Round answer to 2 decimal places, e.g. 10.50.) Target cost per unit $