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Crane Corporation makes a mechanical stuffed alligator. The following information is available for Crane Corporation's expected annual volume of 500,000 units: The company has a

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Crane Corporation makes a mechanical stuffed alligator. The following information is available for Crane Corporation's expected annual volume of 500,000 units: The company has a desired ROI of 20%. It has invested assets of $24,500,000. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25\%.)

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