A company expects to produce and sell 20,000 units of a single product. Management desires a 22% return on assets of $3,000,000. The following additional company information is available:

1. Variable costs (per unit)
2. Production costs $105
3. Nonproduction costs $9
4. Fixed costs (in total)
5. Overhead $350,000
6. Nonproduction $120,000

Compute selling price per unit given that markup percentage equals desired profit divided by total costs.

• $137.50
• $33.00
• $170.50
• $114.00
• $122.50