During 2015, a manufacturer produced 50,000 items that sold for $100 each. The manufacturer had fixed costs of $600,000 and made a profit before income taxes of $400,000. In 2016, rent and insurance combined increased by $200,000. Assuming that the quantity produced and all other costs were unchanged, what should the 2016 price be if the manufacturer is to make the same $400,000 profit before income taxes?