The international house of nuts, a boutique nut shoppe that recently opened in your neighborhood, wants to sell a premium blend of nuts consisting of 4 pounds of cashews at $10.99 per pound, 7 pounds of chestnuts at $4.95 per pound, and 17 pounds of peanuts at $2.99 per pound.
the manager has asked your in determining the price at which the mixture should sell. using your superior mathematical skills, what should be the average cost per pound of this premium nut mixture? express your answer rounded to the nearest cent.