Perrys PJs is introducing microfleece pajama pants. Perrys must invest $12,000 in new equipment to make the pants, and it estimates it will sell 25,000 pairs. If Perrys per-pair target cost is $25.36 and the required rate of return is 30%, what must be the sales price for each pair? Round your answer if necessary. Select answer from the options below $25.50 $31.60 $32.97 $27.63