ABC Inc. manufactures and sells toys. Price and cost data are as follows: $27.00 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). $6.00 $6.00 $4.50 $4.00 $1.00 $21.50 $190,000 $300,000 $490,000 $3,240,000 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)