Louis is designing large beaded-wire earrings to sell online. He records the total costs and his research in the following table.

Cost of supplies $0.80
Hours of labor 1.25
Seller's fees 8.5%
Shipping costs $1.90
Price of similar items $35

If he sells the earrings for $35, how much can he expect in hourly profit? Enter the answer as a number to the nearest hundredth, like this: 42.53