Pauly is making ice cubes. He needs 10 pounds of cubes. He knows that 2 ounces of water make 1 cube and each cube weighs 1/16th of a pound. It takes him 1 hour to make 10 cubes. Every hour his ice maker run costs $1.50. Every ounce of water costs $0.10. How much will it cost to make all the ice?