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Your small toy manufacturing facility has the following information: Fixed costs $71,000 Material cost per toy $2.05 Electricity cost per toy $0.500 Labor cost per

Your small toy manufacturing facility has the following information: Fixed costs $71,000 Material cost per toy $2.05 Electricity cost per toy $0.500 Labor cost per toy $0.365 Management demands that we have $7,700 in profit if we sell 30,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

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