Martin Company is considering the introduction of a new product. To determine a selling price, the company has gathered the following information:

Number of units to be produced and sold each year		14,000
Unit product cost	$	25
Projected annual selling and administrative expenses	$	50,000
Estimated investment required by the company	$	750,000
Desired return on investment (ROI)		12	%

The company uses the absorption costing approach to cost-plus pricing.

Required:
1.	Compute the markup required to achieve the desired ROI.

2.	Compute the selling price per unit.