Grace Manufacturing Company has the following budgeted costs for 10,000 units: Manufacturing Selling & Variable Costs $100,000 Fixed Costs $150,000 50,000 20,000 Administrative $150,000 $170,000 Total What is the initial selling price needed to obtain a target profit of $70,000 using the manufacturing cost markup method? O a. $40.75 O b. $20.90 c. $25.00 d. $39.00