Sheridan Co. wants to introduce a new digital display, laser driven iron to the market. The estimated unit sales price is $85 . The required investment is $3 , 990 , 000 . Unit sales are expected to be 342,000 and the minimum required rate of return on all investments is 15% . Compute the target cost per iron. (Round answer to 2 decimal places, e. . 52.75.) Target cost $ periron