The following data is available for Coronado Repair Shop for 2016: Repair technicians wages $400000 Fringe benefits 70000 Overhead 50000 Total $520000 The desired profit margin is $46 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2016. In January 2016, Coronado repairs a bicycle that uses parts of $220. Its material loading charge on this repair would be