Assume the following information from the previous month Selling price Variable expense ratio Fixed expenses Unit sales Amount $ 32 60% $20,000 per month 2,500 per month Next month the company is considering a proposal that would decrease fixed expenses by 40% and increase the variable expense per unit by $4.00. If this proposal is implemented the selling price that the company would need to establish next month to earn the same contribution margin ratio as the previous month is closest to: Multiple Choice $58.00 $48.67 $28.00 $38.67