Platinum is trading at $1200, but one-year Platinum contracts are trading at $950. NYMEX defines the Platinum contract as 50 ounces/c, $/c, $11,000, $8,000. Your commodities broker quotes you $13/ounce storage and insurance, $160/ounce borrowing fee on platinum, and 8.0% on cash balances - all per annum. JQ Investor decides to arbitrage this price difference using 500 ounces of Platinum. If JQ takes this arbitrage right to delivery, what is the per ounce cost of carry for the transaction (enter as a positive number)