During 2016, Seth Britain Lab supplied hospitals with a comprehensive diagnostic kit for $140. At a volume of 70,000 kits, Seth had fixed costs of $1,170,000 and a profit before income taxes of $300,000. Due to an adverse legal decision, Seth's 2017 liability insurance increased by $1,470,000 over 2016. Assuming the volume and other costs are unchanged, what should the 2017 price be if Seth is to make the same $300,000 profit before income taxes? (CPA adapted)

$144.30.

$161.00.

$186.30.

$280.00.