Summit products, inc. is interested in producing and selling an improved widget. market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. the current cost to produce the widget is estimated to be $65. summit has learned that a competitor plans to introduce a similar widget at a price of $80. if summit requires a 25% return on sales, what is the target cost for the new widget? group of answer choices