y is exploring the possibility of introducing a new product. Lockeed has developed the following data in orde Number of units to be produced and sold each year Unit product cost Projected annual selling and administrative expenses Estimated investment required by the company Desired return on investment (ROI) 17,500 50 $ 72,000 S 490,000 19% The absorption costing approach to cost-plus pricing is used at Lockeed Marretta Company for such decisions Required 1. Compute the markup required to achieve the desired ROl. (Round your Required ROI answers to the nearest whole percentage (i.e Required ROI Investment Selling and administrative expenses Total production cost Unit product cost per unit Unit sales Total sales Markup percentage 2. Compute the seling price per unit (Round your intermediate and final answers to 2 decimal places.) Unit product cost Markup Selling price per unit