QUESTION 9 Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Per Unit Total Direct materials $12 Direct labour 7 Variable manufacturing overhead 14 Fixed manufacturing overhead $400,000 Variable selling and administrative expenses 7 Fixed selling and administrative expenses 150,000 The company has a desired ROI of 20%. It has invested assets of $22,400,000. Using variable-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.)