Majestic Events provides event planning services. Each project takes approximately 50 hours. The company anticipates 100 projects annually. They have invested $2,000,000 in their facilities and expect an ROI of 22%. The budgeted costs for the coming year are shown below:

Cost Item	Per Project ($)	Total ($)
Direct Materials (Decorations)	200	20,000
Direct Labor (Planners)	400	40,000
Variable Overhead	100	10,000
Fixed Overhead	-	440,000
Variable Selling & Admin Expenses	50	5,000
Fixed Selling & Admin Expenses	-	100,000

Required:

1. Calculate the total cost per project.
2. Determine the desired ROI per project.
3. Compute the target price per project.