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 33,000 Required investment $ 530,000 Unit product cost $ 32 Selling and administrative expenses $ 189,760 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 16% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to: Multiple Choice 8% 26% 33% 16%