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Swifty Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that 1,000,000 units can be sold if the

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Swifty Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that 1,000,000 units can be sold if the price is no more than $5. If Swifty Water decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Swifty Water requires a minimum rate of return of 19% on all irvestments. Determine the target cost for the filter, (Round answer to 2 decimal ploces, es. 10.50) Target cost per unit

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