Eckhart Company uses the absorption costing approach to cost-plus pricing as described in the text to set prices for its products. Based on budgeted sales of 67,000 units next year, the unit product cost of a particular product is $14.3. The company's selling and administrative expenses for this product are budgeted to be $894,667 in total for the year. The company has invested $410,000 in this product and expects a return on investment of 10%. The markup on absorption cost for this product would be closest to:

97.66%

136.17%

10%

93.38%