Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for Caan Corporation: Per Unit Total Direct materials $400 Direct labour 300 Variable manufacturing overhead 80 Fixed manufacturing overhead $2,108,000 Variable selling and administrative expenses 30 Fixed selling and administrative expenses 340,000 The company has a desired ROI of 20%. It has invested assets of $51,340,000. It expects to produce 3,400 units each year. (a) Calculate the markup percentage and target selling price using absorption-cost pricing. (Round markup percentage to 3 decimal places, e.g. 15.250% and target selling price to o decimal places, e.g. 5,250.) Markup percentage % Target selling price