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 54,000 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 is set to provide a 23% return on investment (ROI) on invested assets of $1, 123, 300. Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. (Round answers to 2 decimal places, e.g. 10.50.) Markup percentage 3.37% Assuming that the volume is 41, 800 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. (Round answers to 2 decimal places, e.g. 10.50.) Markup percentage Target selling price