Sandhill Corporation produces industrial robots for high-precision manufacturing. The following information is given for Sandhill Corporation: Per Unit Total Direct materials $390 Direct labour 300 Variable manufacturing overhead 70 Fixed manufacturing overhead $1,798,000 Variable selling and administrative expenses 76 Fixed selling and administrative expenses 319,000 The company has a desired ROI of 20%. It has invested assets of $51,330,000. It expects to produce 2,900 units each year. (a) 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 O decimal places, e.g. 5,250.)