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Hen Company has developed a new product, egg crates that prevent breakage. The cost per crate is $75and the company expects to sell1000crates per year.

Hen Company has developed a new product, egg crates that prevent breakage. The cost per crate is $75and the company expects to sell1000crates per year. Hen Company has invested $1950000in equipment to produce the crates and desires a12% return on investment. What is Hen Company's desired markup percentage?

12%

26%

120%

312%

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