Required information [The following information applies to the questions displayed below.] The market price for a product has been $50 per unit, but competitive pressures have reduced the market price to $46. The firm manufactures 13,000 of these products per year at a manufacturing cost of $40 per unit (including $21 fixed cost and $19 variable cost per unit). Other selling and administrative costs for the product are $4 per unit. he firm ignores competitive prices because it has a differentiated product. It uses life-cycle cost-based pricing with a 28% markup. Ihat is the firm's price? (Round your answer to 2 decimal places.)