Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 56,900 units of its sole product. Magpie desires a profit equal to a 21% return on invested assets of $604,000. The markup percentage on total cost for Magpie's product is a. 30.0% b. 17.7% c. 23.0% d. 14.1%