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 Required investment Unit product cost Selling and administrative expenses 25,000 $ 450,000 $ 24 $ 150,000 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 12% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to: Multiple Choice 9% 12% 25% 34%