(15 points) Excel Manufacturing is planning to make and sell 5,000 units of its only product, Excel-A. Excel is considering a variety of methods to determine the price of the order. Some key information about Excel follows: Total Costs Variable Manufacturing $650,000 Variable Selling and Administrative 125,000 Plant-level Fixed Mfg. Overhead Fixed Selling and Administrative Batch-level Fixed Mfg. Overhead Total Investment in Product Line 700,000 200,000 50,000 2,000,000 3. Determine the price assuming a desired 50% gross margin percentage. 4. Determine the price assuming a desired 30% return on life cycle costs.