MartIn Company uses the absorption costing approach to cost-plus pricing. It Is considering the Introduction of a new product. To determine a selling price, the company has gathered the following information: Requlred: 1. Compute the markup percentage on absorption cost required to achleve the desired ROI. 2. Compute the selling price per unlt. Note: Do not round Intermedlate calculatlons. Round your answer to 2 declmal places