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Raju is in a competitive product market. The expected selling price is $ 7 5 per unit, and Raju s target profit is 2 0

Raju is in a competitive product market. The expected selling price is $75 per unit, and Rajus target profit is 20% of selling price. Using the target cost method, what is the highest Rajus cost per unit can be?(Round your answer to 2 decimal places.)

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