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Arley's Bakery makes fat-free cookies that cost $1.20 each. Arley expects 25% of the cookies to fall apart and be discarded. Arley wants a 50%

Arley's Bakery makes fat-free cookies that cost $1.20 each. Arley expects 25% of the cookies to fall apart and be discarded. Arley wants a 50% markup on cost and produces 180 cookies. What should Arley price each cookie? (Round your answer to the nearest cent.)

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