Given the historical cost of product Dominoe is $25, the selling price of product Dominoe is $30, costs to sell product Dominoe are $4, the replacement cost for product Dominoe is $24, and the normal profit margin is 20% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method?

$26.

$25.

$24.

$20.