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Cullumber Company is considering developing a new product. The company has gathered the following information on this product. Expected total unit cost $39 Estimated investment

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Cullumber Company is considering developing a new product. The company has gathered the following information on this product. Expected total unit cost $39 Estimated investment for new product $550000 Desired ROI 10% Expected number of units to be produced and sold 1000 Given this information the desired markup percentage and selling price is: O markup percentage 10%; selling price $61. O markup percentage 10%; selling price $55. O markup percentage 141%; selling price $94. O markup percentage 100%; selling price $61

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