Pharoah Company is in the process of setting a selling price for its newest model stunt kite, the Looper. The controller of Pharoah estimates unit variable cost for the model to be as follows: Direct materials $15.00 Direct labor 7.00 Variable manufacturing overhead 4.00 Variable selling and administrative expenses 5.00 $31.00 In addition, Pharoah anticipates incurring the following unit fixed cost at a budgeted sales volume of 20,000 units: Total Costs Budget Volume = Unit Cost Fixed manufacturing overhead $512,000 20,000 $25.60 Fixed selling and administrative expenses 528,000 20,000 26.40 Unit fixed cost $52.00 Pharoah uses cost-plus pricing and would like to earn a 10-percent ROI of $640,000. Compute the target selling price that would provide Pharoah a 10-percent ROI. (Round answer to 2 decimal places, e.g. 52.72.) Selling price $