DO IT! Review D9.12 (LO 1) Clear Water is considering introducing a water filtration device for its one-litre water bottles. Market research indicates that 1 million units can be sold if the price is no more than $3. If Clear Water decides to produce the filters, it will need to invest $2 million in new production equipment. Clear Water requires a minimum rate of return of 18% on all investments. Determine target cost. BE9.5 (LO 2) During the current year, Bierko Corporation expects to produce 10,000 units and has budgeted the following: net income $300,000; variable costs $1.1 million; and fixed costs $100,000. It has invested assets of $1.5 million. What was the company's budgeted ROI? What was its budgeted markup percentage using a total cost approach? Calculate ROI and markup percentage