Question: A company has $ 3 5 per unit in variable costs and $ 1 , 2 0 0 , 0 0 0 per year in

A company has $35 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 108,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?
Round to two decimal places.
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