A Mexican company manufactures televisions sets by importing materials into the country and then exporting the finished product to the United States. The cost per unit in Mexican Pesos of the components and materials needed for the TV are as follows:

Microchips from China: 5,300 MXN (Mexican Pesos)

Screen from Northern Mexico: 2,730 MXN

Plastics from India: 3,565 MXN IV. Electronics from U.S.: 2,342 MXN

What should be the Sales price in USD if the company wants to sell it in the U.S. and have a 26% gross margin?

$1,010.59

$960.99

$923.93

$11,854

$12,330