Marvel Corporation estimates that the following costs and activity would be associated with the manufacture and sale of product Y. Number of units sold annually Required investment in assets Unit product cost Selling and administrative expenses 20,000 $400,000 s 25 $130,000 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 15% rate of return on investment (ROI), the required markup on absorption cost for product Y would be