Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 501,000 units. Per Unit Total Direct materials $8 Direct labor $13 Variable manufacturing overhead $16 Fixed manufacturing overhead $3,507,000 Variable selling and administrative expenses $13 Fixed selling and administrative expenses $1,503,000 The company has a desired ROI of 25%. It has invested assets of $30,060,000. Using absorption-cost pricing, compute the markup percentage. (Round answer to 2 decimal places, e.g. 10.50%.) Absorption-cost pricing markup percentage %