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Sandhill Company is in the process of setting a selling price for its newest model stunt kite, the Looper. The controller of Sandhill estimates unit

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Sandhill Company is in the process of setting a selling price for its newest model stunt kite, the Looper. The controller of Sandhill
estimates unit variable cost for the model to be as follows:
In addition, Sandhill anticipates incurring the following unit fixed cost at a budgeted sales volume of 20,000 units:
Sandhill uses cost-plus pricing and would like to earn a 10-percent ROI of $720,000.
Compute the target selling price that would provide Sandhill a 10-percent ROI. (Round answer to 2 decimal places, e.g.52.72.)
Selling price $
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