Sandhill Inc. produces and sells yo-yos. It is currently planning to launch a new glow-in-the-dark model. The following are the projected costs based on projected units sold of 100,000. Variable costs per unit: Direct materials $1.20 Direct labour Variable manufacturing overhead 1.25 1.20 Variable selling and administrative expenses 2.40 Annual fixed costs and expenses: Manufacturing overhead $55.000 Selling and administrative expenses 35,000 Sandhill Inc. will invest $1,000,000 for this new launch and would like to earn a 28% return on its investment. The old model of yo-yo sells for $8.83. Calculate the total cost per yo-yo. (Round answer to 2 decimal places, eg. 15.25.) Total cost 365 per yo-yo Determine the desired ROI per yo-yo. (Round answer to 2 decimal places, eg. 15:25) Desired ROI per yo-yo Calculate the markup percentage on the total cost per yo-yo. (Round answer to 2 decimal places, eg 15.25%) Markup percentage 241.92 % Calculate the target price per yo-yo. (Round answer to 2 decimal places, eg. 15.25) Target price $ per yo-yo