ABC Inc. manufactures and sells toys. Price and cost data are as follows: $20.00 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)...... $4.00 $5.00 $3.50 $3.00 $1.00 $16.50 $180,000 $220,000 $400,000 $2,400,000 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)