Grocery and department stores sometimes offer items priced below cost (called "loss leaders") to attract customers to the store, in the hope that they will also purchase other, high margin goods that will generate profit. This week, a grocery chain is offering peanut butter as a loss leader. The peanut butter's cost is $2.65 per jar. Overhead expenses are 22% of cost. What selling price should the grocery chain set if it is willing to lose $0.25 per jar?