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: Total Costs Unit Cost Variable Production Costs $80,000 $16 Fixed Manufacturing Overhead $50,000 $10 Selling, General & Administrative Expenses $45,000 $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.