Demand has skyrocketed for Wilson volleyballs after Chuck Noland mentioned how one helped him survive on a deserted island for 5 years. Wilson wants to capitalize on this increased demand by increasing the markup on their volleyballs from 24% to 52%. If the volleyballs cost $8 to produce, how much will the price of the volleyballs increase? (Round intermediate and final calculations to 2- decimals) O $2.24 O $1.92 O $4.16 O $12.16 O None of the above