ScholarPak Company produced and sold 80,000 backpacks during the year just ended at an average price of $40.00 per unit. Variable manufacturing costs were $17.00 per unit, and variable marketing costs were $7.00 per unit sold. Fixed costs amounted to $550,000 for manufacturing and $224,000 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.)

1.	If ScholarPaks variable manufacturing costs do increase by 10 percent, compute the selling price that would yield the same contribution-margin ratio in the coming year. (Do not round intermediate calculations and round your final answer to 2 decimal places.)