Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 50,000 units. Lovell Computer Parts management requests that the total cost per unit be used in cost-plus pricing its products. On this particular product. management also directs that the target price be set to provide a 20% return on investment (ROI) on invested assets of $1,000,000. (a) - Your answer is partially correct. Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 20% on this new component. (Round markup percentage to 2 decimal places, eg. 10.50\%.) Markup percentage Target selling price $ Assuming that the volume is 40,000 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 20% on this new component. (Round answers to 2 decimal places, eg. 10.50\% or 10.50.) Markup percentage x2 Target selling price