Kate's Kites manufactures kites at a manufacturing cost of $1.07 per kite. Which of the following statements is true?
a. The selling price of each kite is less than $1.07.
b. The selling price of each kite is exactly $1.07.
c. The selling price of each kite is more than $1.07.
d. The selling price of each kite cannot be determined from the given information.