A restaurant is considering adding fresh brook trout to its menu. Customers would have the choice of catching their own trout from a simulated mountain stream or simply asking the waiter to net the trout for them. Operating the stream would require

9,800

in fixed costs per year. Variable costs are estimated to be

$6.20

per trout. The firm wants to break even if 700 trout dinners are sold per year.

What should be the price of the new item?

(Enter your response rounded to the nearest penny.)