Summit Products, Inc. is interested in producing and sellingan improved widget. Market research indicates that customers would be willingto pay $90 for such a widget and that 50,000 units could be sold each year atthis price. The current cost to produce the widget is estimated to be $65.Referto the information above. If Summit Products requires a 25% return on sales toundertake production, what is the target cost for the new widget?