Cullumber Company is considering introducing a new line of filtration products. Cullumber believes that if the filters can be priced competitively at $$45$ then approximately $300,000$ units can be sold. The controller has determined that an investment in new equipment totaling $$4,240,000$ will be required. Cullumber requires a minimum rate of return of $12\%$ on all investments.

Compute the target unit cost of the filter. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Target unit cost