Bluebird Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follows:

Variable costs: $2.50

Direct Materials 4.25

Direct Labor 1.25

Factory Overhead 0.50

Total: 8.50

Fixed Costs $25,000

Selling and Administrative expenses 17,000

Bluebird desires a profit equal to a 5% rate of return on invested assets of $642,500

a) determine the amount of desired profit from the production and sale of Product K

b) determine the total manufacturing costs and the cost amount per unit for the production of 25,000 units of Product K

c) determine the markup percentage of Product K

d) determine the selling price of Product K

Round your markup percentage to one decimal place, and other intermediate calculations and final answer to two decimal places. SHOW WORK