A manufacturing company which produces a range of products has developed a budget for the life-cycle of a new product, Pique. The information in the following table relates exclusively to product Pique:

2019	2020	2021	2022	2023
$ per unit	$ per unit	$ per unit	$ per unit
Direct materials	7.40	7.30	7.30	7.60
Direct Labour	7.10	7.10	7.40	7.40
Variable production costs	5.60	5.80	5.90	5.90
Machine hours	6	6	6.5	6.5
Total $	Total $	Total $	Total $	Total $
Design costs	800,000
Depreciation costs	500,000	400,000	320,000	256,000
Selling & distribution	600,000	750,000	780,000	400,000
Decommissioning costs	20,000
Production and sales units	300,000	420,000	440,000	220,000

The company’s total fixed production overheads are budgeted to be $72 million each year and total machine hours are budgeted to be 96 million hours in years 2020-2021, with these fixed production overheads estimated to increase by 5% and machine hours estimated to decrease by 3% in 2022 and remain stable into 2023.

The company absorbs overheads on a machine hour basis.

Required: What is the budgeted life-cycle cost per unit for the Pique?