Create a pocket price waterfall for an electric yo-yo by Creative Toy Manufacturing (CTM). The list price is $5.50 each with a minimum order of 12 dozen. The standard dealer discount (off invoice) is 50%, and the order discount is 3% for orders of more than 20 dozen. There is a special promotion of $0.10 each off of invoice. The payment terms are 2/10 net 30. Because CTM is encouraging customers to advertise the electric yo-yo, there is a 5%

cooperative advertising allowance for dealers. Customers are being offered a rebate of $0.50. What is the pocket price for CTM?