The MI Alarm company is in the business of selling and installing home alarm systems in residential homes in Michigan. The cost for MI Alarm to purchase the material to do an install is $39.27 per install. The labor involved on an install averages $120.17. Other miscellaneous costs are $54.76 per install. MI Alarm is trying to generate $40.05 of profit for every Alarm product they sell. Using a cost plus based pricing approach, how much should MI Alarm charge customers for an alarm install? Calculate your answer to two decimal places