ABC Inc. manufactures and sells toys. Price and cost data are as follows: $28.00 Selling price per unit (package of 2 CDs).... Variable costs per unit: Direct material. Direct labor..................... Artist's royalties............ .... Manufacturing overhead.......... Selling expenses.... ........... Total variable costs per unit.... Annual fixed costs: Manufacturing overhead............. Selling and administrative........ Total fixed costs............ Forecasted annual sales volume (120,000 units)........ $5.50 $6.00 $6.00 $3.50 $2.00 $23.00 $170,000 $250,000 $420,000 $3,360,000 If the company's direct-labor costs do increase by 8%, what selling price per unit of product must it charge to maintain the same contribution margin ratio? (Please indicate your result with one decimal place. Example: 40.5)