Alva Incorporated produces and sells B4T8, a component used in a multitude of consumer electronics. The B4T8 sells for $510.26 for a batch of 100. A rival company recently introduced the XD90 that can be substituted for B4T8. The XD90 is selling for $490.52 for a batch of 100.

From the Alva Incorporated accounting records, the full cost to produce a batch of 100 B4T8s is $488.12. Management expects products to earn a 7% profit margin.

Going forward, Alva Incorporated should expect to sell the B4T8's at or around what price?

Use two decimal places in your final answer. Do NOT enter a $-sign. Carry all decimals while doing any necessary calculations.