Question $3(1$ point$)$

The Shine Company, which manufactures projection equipment, is ready to introduce

a new line of portable projectors. The following data are available for a proposed

model:

What price will the company charge if the firm uses cost$-$plus pricing based on

absorption cost and a markup percentage of $110\%?$

$$445\mathrm{.}50.$

$$850\mathrm{.}50.$

$$660\mathrm{.}00.$

$$1,260\mathrm{.}00.$

None of these answer choices is correct.