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Raju is in a competitive product matket. The expected selling price is $88 per unit, and Raju's target profit is 25% of selling price: Using

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Raju is in a competitive product matket. The expected selling price is $88 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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