The McNamara Company has a maximum production capacity of 20,000 units per year. For that capacity level, fixed costs are $280,000 per year. Variable costs per unit are $30.

In the coming year, the company has orders for 24,000 units at $50. The company wants to make a minimum overall operating income of $148,000 on these 24,000 units.

Required

What maximum unit purchase price would McNamara Company be willing to pay to a subcontractor for the additional 4,000 units it cannot manufacture itself to earn an operating income of $148,000.