Balcom Enterprises is planning to introduce a new product that will sell for $110 a unit Manufacturing cost estimates for 26,000 units for the first year of production are: Direct materials $1,170,000 Direct labor $1,040,000 (based on $20 per hour 52.000 hours) Although overhead has not be estimated for the new product, monthly data for Balcom's total production for the last two years has been analyzed using simple linear regression. The analysis results are as follows: Dependent variable Independent variable Intercept Coefficient on independent variable Coefficient of correlation R2 Factory overhead costs Direct labor hours $132.000 $ 4.00 0.947 0.838 Based on this information, what is the expected contribution margin per unit to be cared during the first year on 26,000 units of the new product? (Assume that all marketing and administrative costs are fixed)