Simmons Corporation estimated that the following costs and activity would be associated with Product T: 80,000 $ 900,000 Number of units sold annually Required investment Unit product cost Total selling and administrative expenses 35 $ 600,000 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 20% ROI, the selling price for Product T would be: $37.25 $42.00 O $38.75 $44.75