Question 4 (10 marks) HKMASK Manufacturing is considering the introduction of a facial mask. To determine a selling price, the company has gathered the following information: Number of units to be produced and sold each year 500,000 Estimated unit product cost Projected annual selling and administrative expenses $100,000 Estimated investment required by the company $2,000,000 Desired return on investment (ROI) 15% Required: The company uses the absorption costing approach to cost-plus price. Calculate the markup percentage required to achieve the desired ROI. (2 marks) (ii) Calculate the selling price per unit. (2 marks) (b) The company is experiencing a falloff in demand due to the economic recovery from the coronavirus and the marketing manager believes that the mask can only be sold at the selling price of $2.2 per unit. If the company still wants to achieve the ROI at 15%, calculate the target cost per unit of the product. (2 marks)