Jason is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $77 each and variable costs per unit are expected to be $42. Jason anticipates incurring $843,500 in fixed costs per year.

(a) What is the expected contribution margin per lounge chair? $ per chair