Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different methods to determine the price of its product.

	Total Costs
Variable Manufacturing	$	2,350,000
Variable Selling and Administrative		750,000
Plant-level Fixed Overhead		1,200,000
Fixed Selling and Administrative		600,000
Batch-level Fixed Overhead		200,000
Total Investment in Product Line		10,000,000
Expected Sales (units)		20,000

If Johnson determines price using a 20% markup of life cycle cost, the price is: