Jay & Gloria were hosting a 4th of July party at their house.  Jay invited 22 people and Gloria invited 36.  They wanted to buy small American flags for everyone.  The craft store was having a sale on small flags, 5 flags for $1.00.  If they wanted all of their guests to have a flag and they also wanted 1 flag each, how much would they spend at the craft store?
Please reason step by step, and put your final answer within \boxed{}.
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