The Dandy Baking Company is launching a now product which is a combination non$-$stick popover and muffin baking set. The table below shows

cost data for this product.

The Dandy Baking company is using the absorption costing approach to cost$-$plus pricing to establish a price for this new product. The company

is expecting to sell $67,000$ units the first year of thils launch.

The operating assets invested for this product is $$370,000$ and the company expects a $17\%$ return on investment.

Which of the following shows the markup percent the company will use to establish the price of this product? $($Round your intermediate

calculations to $2$ decimal places and final answer to $1$ decimal place$)$