Swifty Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available

from the accounting department based on a budgeted volume of $100,000$ units.

Swifty Manufacturing management requests the total cost per unit be used in cost$-$plus pricing its products. In addition, management

requests that the target price be set to provide a $30\%$ return on investment on invested assets of $$1,620,000.$

$($a$)$

Compute the markup percentage and target selling price that will allow Swifty Manufacturing to earn a $30\%$ return on

investment. $($Round your answers to $2$ decimal places, e$.$g$.10\mathrm{.}50.)$