The Needle Company produces coloring books and had the following information available when it produced and sold 30,000 units for $3.25 each:

Direct materials	$12,000		Administrative salaries	$3,000
Advertising (variable)	6,000		Overhead (variable)	9,000
Overhead (fixed)	21,000		Wages for factory workers	33,000

If the company uses cost plus pricing and would like to achieve a 30% profit, what price should it charge for each product rounded to the nearest penny?