Cheyenne Company must decide whether to make or buy some of its components. The costs of producing 60,200 switches for its generators are as follows.

Direct materials		$29,900		Variable overhead		$45,700
Direct labor		$25,990		Fixed overhead		$76,000

Instead of making the switches at an average cost of $2.95 ($177,590 60,200), the company has an opportunity to buy the switches at $2.67 per unit. If the company purchases the switches, all the variable costs and one-fourth of the fixed costs will be eliminated.

What is the minimum selling price on the special order to produce net income of $5.08 per ball? (Round answer to 2 decimal places, e.g. 15.25.)

Minimum selling pric