X Company makes and sells a single product. Its budgeted profit equation for 2021 before taxes is P = $9.80X - $320,000, where X is the number of units sold.

The company is not completely sure that the contribution margin will be $9.80 in 2021.

Assuming that unit sales will be 30,000 in 2021, and the tax rate will be 35%, what must the contribution margin be in order for X Company to earn $25,000 after taxes [rounded to two decimal places]?

A: $9.56

B: $11.95

C: $14.94

D: $18.67

E: $23.34

F: $29.17