ABC Inc. manufactures and sells toys. Price and cost data are as follows: $24.00 $5.50 $4.50 $4.00 $3.00 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).............. $1.10 $18.10 $186,000 $260,000 $446,000 $2,880,000 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)