Julian Company is a price-taker and uses target pricing. Refer to the following information:

Production volume-- 601,000 units per year

Market price--$32 per unit

Desired operating income--16% of total assets

Total assets-- $13,700,000

Variable cost per unit--$20 per unit

Fixed cost per year-- $5,600,000 per year

With the current cost structure, Julian cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs.

Required: Assuming that fixed costs cannot be reduced, what are the target variable costs per unit per year? Assume all units produced are sold. (Round your answer to the nearest cent.)