Wildhorse Corporation produces industrial robots for high-precision manufacturing. The following information is given for Wildhorse Corporation: Per Unit Total $400 300 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $2,108,000 30 340,000 The company has a desired ROI of 20%. It has invested assets of $51,340,000. It expects to produce 3,400 units each year. Your answer is partially correct. Calculate the markup percentage and target selling price using absorption-cost pricing. (Round markup percentage to 3 decimal places, es 15.250% and target selling price to decimal places, eg. 5,250.) Markup percentage 197.386 Target selling price $ 4550