A mobile phone manufacturer, C Co, is planning to produce a new model. The potential market over the next year is 1,000,000 units. C Co has the capacity to produce 400,000 units and could sell 100,000 units at a price of $50. Demand would double for each $5 fall in the selling price. The company has an 80% cost experience curve for similar products. The cost of the first batch of 1,000 phones was $103,000. A minimum margin of 25% is required.Calculate C Co's target cost per unit, to the nearest $.