You and your classmates create 20 watercolor paintings to sell at the PTA auction to raise money for your school. In order to pay for the materials you bought to make the watercolor paintings, you need to sell each of the watercolor paintings for $4.75. When transporting the watercolor paintings to the auction, one of your parents accidentally drops four of the watercolor paintings in the street and they are run over by a school bus. What is the new minimum price you need to set for the remaining watercolor paintings in order to pay for the materials? You and your classmates create 20 watercolor paintings to sell at the PTA auction to raise money for your school. In order to pay for the materials you bought to make the watercolor paintings, you need to sell each of the watercolor paintings for $4.75. When transporting the watercolor paintings to the auction, one of your parents accidentally drops four of the watercolor paintings in the street and they are run over by a school bus. What is the new minimum price you need to set for the remaining watercolor paintings in order to pay for the materials?