Wildhorse Computer Parts Ltd. is setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 54,000 units: Per Unit Total $ 47 27 21 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 756,000 16 432,000 Wildhorse Computer Parts' management requests that the total cost per unit be used in the cost-plus pricing of products. On this particular product management also directs that the target price be set to provide a 25% return on investment on invested assets of $ 1,080,000. Assuming that the volume is 43,200 units, calculate the markup percentage and target selling price that will allow Wildhorse Computer Parts to earn its desired ROI of 25% on this new component. (Round answers to 2 decimal places, es 15.25% or 15.25.) Mark-up percentage % Target selling price