Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for Caan Corporation:

		Per Unit		Total
Direct materials		$390
Direct labour		280
Variable manufacturing overhead		80
Fixed manufacturing overhead				$1,482,000
Variable selling and administrative expenses		18
Fixed selling and administrative expenses				312,000

The company has a desired ROI of 30%. It has invested assets of $52,000,000. It expects to produce 2,600 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 0 decimal places, e.g. 5,250.)