DO ITt 8.1 (LO 1), AP Maize Water is considering introducing a water filtration device for its 20 -ounce Determine target cost water bottles. Market research indicates that 1,000,000 units can be sold if the price is no more than \$3. If Maize Water decides to produce the fiters, it will need to invest $2,000,000 in new production equipment. Maize Water requires a minimum rate of retum of 16% on all investments. Determine the target cost for the filter