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Current Attempt in Progress Oriole produces and sells bigh-end golf equipment. The company has recently been involved in deyeloping various types of laser guns to

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Current Attempt in Progress Oriole produces and sells bigh-end golf equipment. The company has recently been involved in deyeloping 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, Oriole does not believe that it can charge more than $82.00 for Littletaser. At this price, Oriole believes it can sell 100,000 of these lasen guns. LittleLaser will require an investment of $8,250,000 to manufacture, and the company wants an ROI of 18%. Determine the target cost for one LittleLaser. (Round answer to 2 decimal ploces, eg. 15.25.) Target cost

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