Marikina Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armed Forces. The company's costs per pair of boots are as follows:

Direct material $8 Direct labor 6 Variable overhead 3 Variable selling cost (commission) 3 Fixed overhead (allocated) 2 Fixed selling and administrative cost 1

Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than