Greenfield Farms is reevaluating the pricing of its fresh-squeezed apple juice in half-gallon containers. Variable costs per half-gallon container of fresh-squeezed apple juice are $1.75. Based on Greenfield's market study, management has determined that the price per half-gallon should be between $2.75 and $3.25. Management knows from past experience that demand is affected by price and estimates the demands shown in the following table for prices between $2.75 and $3.25. Considering only prices in increments of 5 cents, which price should Greenfield choose to maximize its contribution margin from sales of half-gallon fresh-squeezed apple juice? Prepare a contribution margin statement for this price.

Price per Half Gallon	Estimated Demand (Half-Gallon Units)
$2.75	80,000
$2.80	78,000
$2.85	75,000
$2.90	72,500
$2.95	70,000
$3.00	67,500
$3.05	65,000
$3.10	62,500
$3.15	60,000
$3.20	57,500
$3.25	55,000