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Raju is a price-taker in a competitive product market. The current market price is $75 per unit, and Raju's desired profit is 20% of market

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Raju is a price-taker in a competitive product market. The current market price is $75 per unit, and Raju's desired profit is 20% of market price. Using target costing, what is the highest Raju's costs can be? (Round your answer to 2 decimal places.) Target cost

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