Cougar Ironworks produces a special kind of iron ingots that are unique, which allows the firm to follow a cost-plus pricing strategy. The firm has $10,000,000 of assets and shareholders expect approximately a 7% return on assets. Assume all products produced are sold. Additional data are as follows: Sales volume 450,000 units per year Variable costs $15 per unit Fixed costs $1,600,000 per year Using the cost-plus pricing approach, what should be the sales price per unit? (Round your answer to the nearest cent.) $15.00 $20.11 $18.56 $1.56