Mintshirt Company manufactures a single product: shirts. Mintshirt's shirts have a unique design that is not replicated by any other shirt manufacturer. The company was formed at the beginning of last year with an initial investment of $830,000. Mintshirt requires a 27% annual rate of return on the investment. In total, 8, 700 shirts were produced and sold last year. For the upcoming year, the production and sales volumes are not expected to change from last year. The following costs are budgeted for the upcoming year: To price their product, Mintshirt uses the cost-plus pricing method. The company has a policy of using the absorption costing method for assigning costs to inventory and the formula method for determining a markup percentage. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Determine the budgeted full cost of a shirt for the upcoming year. Full Cost: $ b) Calculate the markup percentage. Markup Percentage: % c) Determine the selling price of a shirt for the upcoming year. Selling Price: $