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Sunland Corporation produces industrial robots for high-precision manufacturing. The following information is given for Sunland Corporation: The company has a desired ROI of 30%. It
Sunland Corporation produces industrial robots for high-precision manufacturing. The following information is given for Sunland Corporation: The company has a desired ROI of 30%. It has invested assets of $52,000,000. It expects to produce 2,600 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 0 decimal places, e.g. 5,250.) \begin{tabular}{ll|l} Markup percentage & & % \\ \hline Target selling price & $ & \end{tabular}
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