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Sandhill Corporation produces industrial robots for high-precision manufacturing. The following information is given for Sandhill Corporation: The company has a desired ROI of 30%. It

image text in transcribedimage text in transcribed Sandhill Corporation produces industrial robots for high-precision manufacturing. The following information is given for Sandhill Corporation: The company has a desired ROI of 30%. It has invested assets of $51,810,000. It expects to produce 3,300 units each year. Calculate the markup percentage and target selling price using absorption-cost pricing. (Round markup percentage to 3 decimal places, e.g. 15.250\% and target selling price to 0 decimal places, e.g. 5,250.)

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