KidzConnect Pte Ltd recently collaborated with a technology company to produce a smart wearable that can be clipped onto a baby's clothing to monitor his/her health. The smart wearable can measure a baby's breathing, heartbeat, temperature and sleep pattern.

The company invested $5,800,000 in assets and desires a 58% rate of return on invested assets. The estimated costs of producing and selling 80,000 units of the smart wearable for year 2024 are as follows:

Variable costs per unit:

Direct material $ 68

Direct labour $ 22

Factory overhead $ 31

Selling & administrative expenses $ 14

Total $135

Fixed costs:

Factory overhead $830,500

Selling & administrative expenses $337,500

The company uses the cost-plus approach to establish the selling price.

Required:

Determine the following

Desired profit per unit

Selling price per unit to cover all costs and provide for profit desired by the management