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Q22 Sandhill Company has developed a new product, egg crates that prevent breakage. The cost per crate is $75 and the company expects to sell

Q22
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Sandhill Company has developed a new product, egg crates that prevent breakage. The cost per crate is $75 and the company expects to sell 1000 crates per year. Sandhill Company has invested $1950000 in equipment to produce the crates and desires a 12% return on investment. What is Sandhill Company's desired markup percentage? 0.312% 1296 O 120% 26%

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