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 bulgeted volume of 45.000 units Per Unit Total Direct materials $45 Direct labor $27 Variable manufacturing overhead $21 Fied manufacturing overhead $540,000 Variable selling and administrative expenses 315 Fiend selling and administrative expenses $225,000 Lovell Computer Parts management requests that the total cost per uns be used incest phen pricing as products On the portio product management abo-drects that the target price be set to provide a 27% return it of $1,000,000, Assuming that the volume is 36,000 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 27% on this new component. (Round answers to 2 decimal places, eg 10.50% or 10.50) Markup percentage Target selling price $