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 66,000 Required investment $ 490,000 Unit product cost $ 30 Selling and administrative expenses $ 436,000 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 16.5% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to: Noreen rechecks 2017-04-04 21% 24% 26% 16%