Cullumber 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, Cullumber does not believe that it can charge more than $85.00 for LittleLaser. At this price, Cullumber believes it can sell 100,000 of these laser guns. LittleLaser will require an investment of $7,950,000 to manufacture, and the company wants an ROI of 22%. Determine the target cost for one LittleLaser. (Round answer to 2 decimal places, e.g. 15.25.) Target cost \$