Twilight Lumina Company recently began production of a new product, the halogen light, which required an investment of $$1,620,000$ in assets. The costs of producing and selling $8,100$ halogen lights are estimated as follows:

Variable costs per unit: Fixed costs:

Direct materials $$81$ Factory overhead $$324,000$

Direct labor $18$ Selling and admin. exp. $162,000$

Factory overhead $36$

Selling and admin. exp. $32$

Total $$167$

Twilight Lumina Company is currently considering establishing a selling price for the halogen light. The president of Twilight Lumina Company has decided to use the cost$-$plus approach to product pricing and has indicated that the halogen light must earn a $20\%$ rate of return on invested assets.