During Year 2, Perez Manufacturing Company incurred $117,600,000 of research and development (R&D) costs to create a long-life battery to use in computers. In accordance with FASB standards, the entire R&D cost was recognized as an expense in Year 2. Manufacturing costs (direct materials, direct labor, and overhead) are expected to be $52 per unit. Packaging, shipping, and sales commissions are expected to be $8 per unit. Perez expects to sell 2,800,000 batteries before new research renders the battery design technologically obsolete. During Year 2, Perez made 448,000 batteries and sold 394,000 of them.

Determine the sales price assuming that Perez desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries.