I would like some assistance in solving the below problem.

Aldean Company wants to use absorption costplus pricing to set the selling price on a new product. The company plans to invest $250,000 in operating assets to produce and sell 25,000 units. Its required return on investment (ROI) in its operating assets is 18%. The accounting department has provided cost estimates forthe new product as shown below: Per Unit Total Direct materials $8.60 Direct labor $6.60 Variable manufacturing overhead $3.60 Fixed manufacturing overhead $201,250 Variable selling and administrative expenses $2.60 Fixed selling and administrative expenses $ 24,250 [ Required: 1. What is the unit product cost for the new product? (Round intermediate calculations and final answer to 2 decimal places.) 2. What is the markup percentage on absorption cost for the new product? (Round intermediate calculations to 2 decimal places.) 3. What selling price would the company establish for its new product using a markup percentage on absorption cost? (Round intermediate calculations and nal answer to 2 decimal places.) Unit product cost 2. Markup percentage on absorption cost 3. Selling price per unit