QS $25-19($Algo$)$ Pricing using target cost LO P$6$

Raju is in a competitive product market. The expected selling price is $$71$ per unit, and Raju's target profit is $20\%$ of selling price. Using the target cost method, what Is the highest Raju's cost per unit can be$?$

Note: Round your answer to $2$ decimal places.

Target cost