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[The following information applles to the questions displayed below.] Atwater Chemicals produces an engine additive for machinery. The additive is produced by adding varlous ingredients to a petroleum-based lubricant. Atwater purchases the lubricant from two suppliers, Woodlawn Petroleum and Spokane Chemicals. The quality of the final product depends directly on the quality of the lubricant. If the lubricant is "off," Atwater has to dispose of the entire batch. Because all lubricant can be "off," Atwater uses a measure it calls the "yleld," which is computed as Yleld=GoodoutputInput where the output and Input are both measured in barrels. As a benchmark, Atwater expects to get 12 barrels of good output for every 16 barrels of lubricant purchased for a yleld of 75 percent =12 barrels of output 16 barrels of lubricant). Data on the two suppliers for the past year follow: sales manager of Woodlawn Petroleum has proposed to the purchasing manager at Atwater that Woodlawn be given an exclusive ntract to supply the lubricant. If It recelves the contract, Woodlawn will guarantee a 75 percent yleld on the lubricant it supplles. quired: Assume that the average quality, measured by the yleld, and prices from the two companles will continue as in the past. What is the aximum price for lubricant that Atwater Chemicals should be willing to pay Woodlawn Petroleum under the exclusive contract? Do not round Intermedlate calculatlons. Round your answer to 2 decimal places