ABC Company uses cost-plus pricing based on the total cost to set prices for its products. Based on budgeted sales of 84,000 units next year, the unit product cost of a particular product is $40.80. The company's selling and administrative expenses for this product are budgeted to be $1,605,200 in total for the year. The company has invested $300,000 in this product and expects a return on investment of 14%. The selling price for this product would be closest to: $59.91 56110 $60.41 $46.51 O $61.60