A rectangular storage container with an open top is to have a volume of 16 cubic meters. The length of its base is twice the width. Material for the base costs 12 dollars per square meter. Material for the sides costs 5 dollars per square meter. Find the cost of materials for the cheapest such container. Total cost = (Round to the nearest penny and include monetary units. For example, if your answer is 1.095, enter $1.10 including the dollar sign and second decimal place.)