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QS 23-19 (Algo) Pricing using target cost LO P6 Raju is in a competitive product market. The expected selling price is $71 per unit, and

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QS 23-19 (Algo) Pricing using target cost LO P6 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? (Round your answer to 2 decimal places.)

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