Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would be willing to pay $84 for such a widget and that 44,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $54

If Summit Products requires a 20% return on sales to undertake production, what is the target cost for the new widget?
Some other amount.
$64.00.
$67.20.
$73.20.