Josh Ward 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 $64 each and variable costs per unit are expected to be $24. Josh anticipates incurring $600,000 in fixed costs per year.

What is the expected contribution margin per lounge chair?