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An electric company purchases hot water heaters at wholesale for $ 1 7 5 each and sells them after marking up the wholesale price 6

An electric company purchases hot water heaters at wholesale for $175 each and sells them after marking up the wholesale price 60%. If there is also a 4% sales tax, how much would you have to pay the company for one of its hot water heaters?
The total cost is $ (Round to the nearest cent.)
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