Rug Guys makes rugs. The raw materials cost $15.75 and the processing costs are $12.50. They sell their rugs to Xiao Shu distributors with a margin of 30%. Xiao Shu then sells the rugs to Pier One Imports with a margin of 17%. Finally, Pier One Imports sells the rugs to consumers with a margin of 97%. If Rug Guys costs of raw materials increases to $20.48 and all of the dollar margins remain the same, how much is Pier One import s new price to consumers? (round to two decimals)

$683

$2106

$571

$1573

$1625.5