Bknifefight, the total cost for this recipe with supplies (minus what I had) and some equipment (jugs for freezing and dry ice) was $80. So the resulting price per bottle ended up being $4 per 7oz bottle!
FatDragon: just make sure you don't fill the bottle all the way to the top. The vessel/bottle has to have some space for the runoff to drain well. I have not though about using the runoff for another brew. I am not sure how that would work.