Stone Company is considering introducing a new line of cell phone/iPod/ twitter/Facebook/MySpace electronic devices, targeting the preteen population, since this age group needs to stay relatively unencumbered, not having access to vehicles to cart around stuff. Stone believes that if the devices can be priced competitively at $45, approximately 500,000 units can be sold. The controller has determined that an investment in new equipment totaling $4,000,000 will be required. Stone requires a minimum rate of return of 16% on all investments. Compute the target cost per unit of the device.