Clear Water Bay Inc.(CWB) manufactures stuffed Teddy bears that sell for $98 each. Each Teddy bear uses $20 in direct materials and $5 in direct labor per unit. CWB Inc. has two activities: Machining, which is applied at the rate of $4.65 per machine hour, and Inspection, which is applied at the rate of $30 per batch. CWB made 800 Teddy bears, using 1,000 machine hours in 80 batches. What is the gross profit for one Teddy bear if CWB uses an activity-based costing system? (Round your final answer to two decimal places)