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The annual cost and production data for a manufacturing company in Missouri is provided in the table below. Material and Parts Cost $1,500,000 Labor Cost

The annual cost and production data for a manufacturing company in Missouri is provided in the table

below.

Material and Parts Cost $1,500,000
Labor Cost $2,000,000
Overhead Cost $2,500,000
Annual Production Quantity 500,000 units

The selling price is fixed adding a 40% mark- up on the production cost.

What is the selling price per unit (to the closest penny)?

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