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Raju is in a competitive product market. The expected selling price is $78 per unit, and Raju's target profit is 25% of selling price. Using

image text in transcribed Raju is in a competitive product market. The expected selling price is $78 per unit, and Raju's target profit is 25% 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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