Required information A company that manufactures automatic blowdown control valves (for applications where boilers are operated unsupervised for 24 to 36 hours) has fixed cost of $220,000 per year and variable cost of $825 per valve. The company expects to sell 14,000 valves per year. Determine the selling price in order for the company to make a profit of $400,000 per year. The selling price in order for the company to make a profit of $400,000 is determined to be $