Crane produces and sells 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 large potential market. Because of

competition, Crane does not believe that it can charge more than $$84\mathrm{.}00$ for LittleLaser. At this price, Crane believes it can sell

$100,000$ of these laser guns. LittleLaser will require an investment of $$7,800,000$ to manufacture, and the company wants an ROI of

$20\%$

Determine the target cost for one LittleLaser. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Target cost