During the current year, Mast Corporation expects to produce 10,600 units and has budgeted the following: net income $246,534; variable costs $1,074,100; and fixed costs $102,000. It has invested assets of $1,450,200. The companys budgeted ROI was 17%. What was its budgeted markup percentage using a full-cost approach? (Round answer to 2 decimal places, e.g. 10.50.) Markup percentage %