Mucky Duck makes swimsuits and sells them directly to retailers. Although Mucky Duck has a variety of suits, it does not make the all-body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. It says the all-body suit would sell for approximately $116. Given its experience, Mucky Duck believes the all-body suit would have the following manufacturing costs:

Direct materials $29

Direct labour 30

Manufacturing overhead 44

Total costs $103

What is the highest acceptable manufacturing cost Mucky Duck would be willing to incur to produce the all-body swimsuit? (Round answer to 2 decimal places, e.g. 15.25.)

Target cost

$