Unfortunately, this doesn't cover my enrolled title, which is a weird one...
Word count: 66,728
Characters with spaces: 394,932
Characters (no spaces): 329,932
KENPC: 458(!)
Note that I have no images or anything else weird in this book. The only thing slightly non-standard is that it's non-fiction, so has no dialog, and thus very little "whitespace" in the text whatsoever (very few bullet point lists, no graphs, no breakout boxes, no dialog, no scene breaks, few short paras etc.).
There must be more to it than the formula in the OP.