Time left 1:30:49 Yo Inc. produces and sells yo-yos. It is currently planning to launch a new glow-in-the-dark model. The following are the projected costs based on projected units sold of 100,000. Variable costs per unit: Direct materials $1.50 Direct labour 1.10 Variable manufacturing overhead 1.30 Variable selling and administrative expenses 2.10 Annual fixed costs and expenses: Manufacturing overhead $50,000 Selling and administrative expenses 40,000 Yo Inc. will invest $1,000,000 for this new launch and would like to earn a 20.00% return on its investment. The old model of yo-yo sells for $8.00. (a) Calculate the total cost per yo-yo. (Round answer to 2 decimal places. e.g. 15.25.) Total cost $ per yo-yo