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Pina Colada Water is considering introducing a water filtration device for its 2 0 - ounce water bottles. Market research indicates that 1 , 0

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Pina Colada Water 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 $4. If Pina Colada Water decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Pina Colada Water requires a minimum rate of return of 18% on all investments.
Determine the target cost for the filter. (Round answer to 2 decimal places, e.g.10.50.)
Target cost per unit ,$
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