A bank's treasurer is concerned that the institution may not be adequately compensated for the services it provides to its customers. Therefore, the treasurer has asked a manager to evaluate and set a fee for these services. The manager opts to apply the cost-plus pricing strategy for their deposit services, specifically focusing on the automated teller machine (ATM) service. The following details are considered when determining the fee for each ATM transaction:

• Operational expense per ATM transaction: USD 0.25
• Estimated overhead expense per ATM transaction: USD 0.35
• Desired profit per ATM transaction: USD 0.05
• Bank's intended profit margin on capital: 15%

Based on the cost-plus pricing model, what should the bank charge per ATM transaction to ensure it covers costs and achieves its desired profit margin?