Ivanhoe Company, a division of Dudge Cars, produces solar batteries. Ivanhoe sells the batteries to its customers for $80 per unit. The unit variable cost is $37, and unit fixed cost are $16. Top management of Dudge Cars would like Ivanhoe to transfer 30,000 batteries to another division within the company at a price of $43. Ivanhoe has sufficient excess capacity to provide the 30,000 batteries to the other division. Compute the minimum transfer price that Ivanhoe should accept. Minimum transfer price Ivanhoe 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, Ivanhoe does not believe that it can charge more than $85.00 for LittleLaser. At this price, Ivanhoe believes it can sell 100,000 of these laser guns. LittleLaser will require an investment of $6,450,000 to manufacture, and the company wants an ROI of 22% Determine the target cost for one LittleLaser. (Round answer to 2 decimal places, e.s. 15.25.) Target cost