Galenic Inc. is a wholesaler for a range of pharmaceutical products. Before deducting any losses from bad debts, Galenic operates on a profit margin of 6%. For a long time the firm has employed a numerical credit-scoring system based on a small number of key ratios. This has resulted in a bad debt ratio of 1.00%.

Galenic has recently commissioned a detailed statistical study of the payment record of its customers over the past 6 years and, after considerable experimentation, has identified five variables that could form the basis of a new credit-scoring system. On the evidence of the past 8 years, Galenic calculates that for every 10,000 accounts it would have experienced the following default rates:

Credit Score under Proposed System	Defaulting	paying	Total
Better than 80	60	9100	9160
Worse than 80	40	800	840
Total	100	9900	10000

By refusing credit to firms with a poor credit score (worse than 80), Galenic calculates that it would reduce its bad debt ratio to 60 / 9,160, or just under 0.60%. While this may not seem like a big deal, Galenics credit manager reasons that this is equivalent to a decrease of one-fifth in the bad debt ratio and would result in a significant improvement in the profit margin.

Assuming that the firms estimates of default rates are right, what would the profit per $100 of original sales be under the new credit-scoring system? (Do not round intermediate calculations. Round your answer to 2 decimal places.)