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 $2,000 units Per Unit Total $51 $27 S24 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative openses Fixed selling and administrative expenses $728.000 $19 $416,000 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 25% return on investment (ROI) on invested assets of $1,000,000 Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 26% on this new component (Round markup percentage to 2 decimal places. es. 10.50%) Markup percentage Target selling price $ eTextbook and Media Assuming that the volume is 41,600 units, compute the maricup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 26% on this new component. (Round answers to 2 decimal places es 10:50% or 10.50) Markup percentage Target selling price $