Magnussen, Inc., uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Based on budgeted sales of 45,000 units next year, the unit product cost of a particular product is $15.60. The company's selling general, and administrative expenses for this product are budgeted to be $1.035,000 in total for the year. The company has invested $280,000 in this product and expects a return on investment of 11%. The selling price for this product based on the absorption costing approach described in the text would be closest to: A) $39.28 B) $17.32 C) $97.20 D) $38.60 Please write the steps to solve the questions