Lovell Computer Parts inc is in the process of setting a selling price on a new component it has just detigned and developed. The following cost estimates for this new component have been orovided by the accounting department for a budceted volume of 50,000 Units Lovell Computer Parts managemera requests that the total unit cost be used in costeplus pricine its products. On this oarticular product. mansement abo directs that the target price be set to provide a 25% return oa imestment irov on invested atsets of 51000000 (3) this new componect (pound noukup perentage to 2 decimal ploces ess 10506 ) Markup percentage Tarbet pelinc price Assuming that the volume is 40,000 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to eam its desired ROl of 25% on this new component (Round enswers to 2 decimal places, eg. 10.50% or 10.50 ) Markup percentage Tarectselling price