Sheridan produces and sells high-end golf equipment. The company has recently been imvolved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a large potential market. Because of competition. Sheridan does not believe that it cancharge more than $80.00 for LittieLaser. At this price, Sheridan believes it can 5ell 100,000 of theselaser gums UttleLaser will require an investment of $6,900,000 to manufacture, and the company wants an RO l of 16% Determine the target cost for one Litiletaser, (Round answer to 2 decimal places, e.s. 15.25.) Target cost