Pharoah Corporation makes a mechanical stuffed alligator. The following information is available for Pharoah Corporation's expected annual volume of 500,000 units: The company has a desired ROI of 30%. It has invested assets of $23,300,000. (a) Your answer is incorrect. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25\%.)
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