Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $12.00 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 23,000 shirts to break-even. The after-tax net income last year was $5,940 Dorcan's expectations for the coming year include the following: (CMA adapted) The sales price of the T-shirts will be $24. Variable cost to manufacture will increase by one-third. Fixed costs will increase by 10%. The income tax rate of 40% will be unchanged. The selling price that would maintain the same contribution margin ratio as last year is: Multiple Choice $15.50 $15.00 $16.00. $14.25