The Sloan Company Must Invest $120,000 to Produce and Market

The Sloan Company must invest $120,000 to produce and market 16,000 units of Product X each year.Other cost information regarding Product X is as follows:
$\begin{array}{|l|r|r|}\hline & \text { Per unit } & \text { Total } \\\hline \text { Direct materials } & \$ 7 & \\\hline \text { Direct labour } & 5 & \\\hline \text { Variable Manufacturing overhead } &4 & \\\hline \text { Fixed manufacturing overhead } & \\\hline \begin{array}{l}\text { Variable selling, general, and administrative } \\\text { expense }\end{array} &3 & \$ 80,000\\\hline \text { Fixed selling,general, and administrative expese } & & \$ 72,000 \\\hline\end{array}$
If Sloan Company requires a 15% return on investment,what would be the markup percentage on absorption cost for Product X,rounded to the nearest percent?

A) 16%.
B) 22%.
C) 29%.
D) 41%.