Minden Company estimates that the following costs and activity would be associated with the manufacture and sale of product A: Number of units sold annually.......................................... 40,000 Required investment in assets........................................... $800,000 Unit product cost.............................................................. $25 Annual selling, general, and administrative expenses....... $600,000 If the company uses the absorption approach to cost-plus pricing and desires a 15% ROI, the required markup on absorption cost for Product A would be: Question 18 options: 12% 15% 60% 72%