Cosi Ltd produces and sells a single product, a fan called a tutte. Annual production capacity is 100,000 machine hours. Annual demand for tuttes is 80,000 fans. The selling price is expected to remain at 12 per fan. Cost data for producing and selling tuttes are as follows: Cosi Ltd has 2,000 tuttes in inventory that were incorrectly painted. The company has two choices: 1. sell these Iower quality fans through the normal distribution channels at a reduced price or 2. scrap them at a net cost of zero. Sales of these Iower quality fans are not expected to affect regular sales of tuttes. Required: Determine and justify the minimum price per fan that would have to be received in order to make it worthwhile selling the Iower quality fans rather than scrapping them. (Round your answer to 2 decimal places.)