Minden Corporation estimates that the following costs and activity would be associated with the manufacture and sale of product A:

Number of units sold annually		42,000
Required investment	$	620,000
Unit product cost	$	41
Selling and administrative expenses	$	258,980

if the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 11% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to:

Multiple Choice

4%

19%

11%

42%