Martin Company uses the absorption costing approach to cost$-$plus pricing. It is considering the introduction of a new product. To

determine a selling price, the company gathered the following information:

Required:

Compute the markup percentage on absorption cost required to achieve the desired ROI.

Compute the selling price per unit.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Markup percentage on absorption cost

Selling price per unit