The Lade & Bach Company produces office chairs, with 15% inflation, costs have risen. With competition, the price of the chairs remains $99.75 but the new the variable cost per chair is $57.20. The fixed costs incurred include managers salary and fringe benefits per month, which, with 15% inflation have risen to $5,980, annual property taxes of $12,000 and annual depreciation of plant and equipment of $20,000. The Board of Directors says ENOUGH! What price do chairs need to be increased to in order to get breakeven to the original number (from your answer in question one)?