Office Suppliers manufacturers office chairs, desks, and shelving units. Costs incurred by the Company to manufacture 5,000 desk chairs during 2022 were as follows:

Variable Production Costs: Total Costs - $80,000, Unit Cost - $16

Fixed Manufacturing Overhead: Total Costs - $50,000, Unit Cost - $10

Selling, General & Administrative Expenses: Total Costs - $45,000, Unit Cost - $9

Office Suppliers plans to produce 5,000 chairs, and does not expect any changes in costs and expenses, during 2023.

The company will utilize Assets totalling $350,000 in producing the chairs and expects a 14% return on those Assets.

The desired profit for 2023 is $60,000.

Required: Determine the Selling Price per chair for 2023 using gross margin-based pricing. Show your work!