Glen Johnson 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 $3. If Glen Johnson decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Glen Johnson requires a minimum rate of return of 21% on all investments. Determine the target cost per unit for the filter. (Round answer to 2 decimal places, e.g. 10.50.)

Target cost per unit

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