Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation.

	Per Unit			Total
Direct materials		$420
Direct labor		$320
Variable manufacturing overhead		$ 73
Fixed manufacturing overhead					$1,814,800
Variable selling and administrative expenses		$ 60
Fixed selling and administrative expenses					$ 561,890

The company has a desired ROI of 21%. It has invested assets of $61,424,000. It anticipates production of 3,490 units per year.

Compute the target selling price.

target selling price $_____________________