Angel Toys is a producer of tiny dolls for children. Following is information about its revenue and cost structure:

Selling price per doll $8.00

Variable costs per doll: Production (manufacturing costs) $1.20

Selling and administration (non-manufacturing costs) $0.40

Total fixed costs: Production (manufacturing costs) $40,000 per year

Selling and administration (non-manufacturing costs) $32,000 per year

Assume that sales are expected to fall from 14,000 units this year to 13,000 units next year. Angel Toys would like to raise the selling price next year from the current $8.00 per unit to achieve the same profits next year as the current year. What will the sales price have to be next year, to generate the same profits next year as this year?

A. Somewhere between $8.00 and $8.39

B. Somewhere between $8.40 and $8.59

C. Somewhere between $8.60 to $9.00

D. Higher than $10.00