Cullumber Corporation produces industrial robots for high-precision manufacturing. The following information is given for Cullumber Corporation: The company has a desired ROI of 20%. It has invested assets of $51,480,000. 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.)