Ivanhoe Company uses LIFO and a perpetual inventory system for its leading product, Z. Given the historical cost of product Z is $24.00, the selling price of product Z is $29.00, costs to sell product Z are $3.00, the replacement cost for product Z is $25.00, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison? O $22.00 O $26.00 O $24.00 O $25.00