Shady Shades Inc. produces and sells lamp shades. It is currently planning to launch a new children's line. The following are the projected costs based on projected units sold of 106,500.

Shady Shades will invest $1,030,000 for this new launch and would like to earn a $14.83 per unit return on its investment.

\begin{tabular}{lr} \hline Variable costs per unit: & \\ \hline Direct materials & $11.20 \\ Direct labour & 12.65 \\ Variable manufacturing overhead & 8.20 \\ Variable selling and administrative expenses & 4.95 \end{tabular} \begin{tabular}{lr} \hline Annual fixed costs and expenses: & \\ \hline Manufacturing overhead & $340,800 \\ \hline Selling and administrative expenses per unit & 1.95 \end{tabular} Calculate the target price per unit. (Round answer to 2 decimal places, e.g. 15.25.) \begin{tabular}{l|l|l} Target price $ & per unit \end{tabular} eTextbook and Media