Shimada Products Corporation of Japan plans to Introduce a new electronic component to the market at a target selling price of $15 per unit. The company Is Investing $12,160,000 to purchase the equipment it needs to produce and sell 384,000 units per year. Its requlred rate of return on all investments is 12%. Required: Compute the component's target cost per unlt. Note: Round your answer to 2 decimal places. Shimada Products Corporation of Japan plans to Introduce a new electronic component to the market at a target selling price of $15 per unit. The company Is Investing $12,160,000 to purchase the equipment it needs to produce and sell 384,000 units per year. Its requlred rate of return on all investments is 12%. Required: Compute the component's target cost per unlt. Note: Round your answer to 2 decimal places