I can't seem to figure this out, could someone please help me.

Anderson Windows Inc. is in the process of setting a target price on its newly designed tinted window. Cost data relating to the window at a budgeted volume of 3,900 units are as follows.

		Per Unit					Total
Direct materials			$	108
Direct labor			$	73
Variable manufacturing overhead			$	24
Fixed manufacturing overhead							$	109,200
Variable selling and administrative expenses			$	11
Fixed selling and administrative expenses							$	97,500

Anderson Windows uses cost-plus pricing methods that are designed to provide the company with a 20% ROI on its tinted window line. A total of $1,101,000 in assets is committed to production of the new tinted window.

Compute the markup percentage under absorption-cost pricing that will allow Anderson Windows to realize its desired ROI. (Round answer to 2 decimal places, e.g. 10.50.)

Markup Percentage

%