Hoopers Hats is introducing a wool fedora with a silk band. Research indicates that 8,500 hats can be sold if the price is $83. Hoopers must invest $87,000 in new equipment to make the hats. If Hoopers requires a minimum rate of return of 27% on all investments, what is the per-hat target cost? Round your answer if necessary. Select answer from the options below

$61.32

$80.30

$73.77

$80.24