The Kensington Corporation Invested $2,500,000 in an Operation to Make

The Kensington Corporation invested $2,500,000 in an operation to make wooden planks.The target operating income desired at the plant is $245,000 annually.The company plans actual sales of 700 planks at $500 each.The managerial accountant reported a target rate of return on the investment of 15%.
Required:
Compute the markup percentage as a percentage of the full cost for the Kensington Corporation.

A) 2.00%
B) 2.13%
C) 2.33%
D) 2.43%
E) 2.53%