Taurus Tools has developed a new kitchen utensil. The firm has conducted significant market research and estimated the following pattern for sales of the new product: Expected Price Year Expected Volume per Unit 1 38,000 units $19 2 48,000 units 18 3 90,000 units 16 4 40, 000 units 12 If the firm desires to net $4.50 per unit in profit over the life of the product, what is the target cost to produce the new utensil?