Titan Metalworks produces a special kind of metal ingots that are unique, which allows Titan to follow a cost - plus pricing strategy. Titan has $10,000,000 of assets and shareholders expect approximately a 9% return on assets. Assume all products produced are sold. Additional data are as follows:

Sales volume 450,000 units per year

Variable costs $15 per unit

Fixed costs $1,500,000 per year

Using the cost - plus pricing approach, what should be the sales price per unit? (Round your answer to the nearest cent.)

A. $18.33

O B. $20.33

O c.$2.00.

D. $15.00