A company expects to produce and sell 20,000 units of a single product. Management desires a 20% return on assets of $2,100,000. The following additional company information is available:

Variable costs (per unit)
Production costs	$77
Nonproduction costs	$19
Fixed costs (in total)
Overhead	$100,000
Nonproduction	$30,000

Compute selling price per unit given that markup percentage equals desired profit divided by total costs.

$21.0

$102.5

$123.5

$96.0

$117.0