A marketer wants to market a product. The unit variable cost…

A marketer wants to market a product. The unit variable cost for producing this product is $16. The fixed cost is $400,000. The marketer expects to sell 80,000 units of the product and wants to earn a 30 percent markup on sales. How much should the markup price be for this product? (1.5 points; word limit: 50 words)