Blossom Inc. produces and sells yo-yos. It is currently planning to launch a new glow-in-the-dark model. The following are the projected costs based on projected units sold of 100,000. Variable costs per unit: Direct materials $1.50 Direct labour 1.25 Variable manufacturing overhead 1.30 Variable selling and administrative expenses 2.10 Annual fixed costs and expenses: Manufacturing overhead $55,000 Selling and administrative expenses 35,000 Blossom Inc. will invest $1,000,000 for this new launch and would like to earn a 28% return on its investment. The old model of yo- yo sells for $8.97. Calculate the total cost per yo-yo. (Round answer to 2 decimal places, e.g. 15.25.) Total cost $ per yo-yo Determine the desired ROI per yo-yo. (Round answer to 2 decimal places, e.g. 15.25.) Desired ROI $ per yo-yo Calculate the markup percentage on the total cost per yo-yo. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage % Calculate the target price per yo-yo. (Round answer to 2 decimal places, e.g. 15.25.) Target price $ per yo-yo