Yo 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		$1.75
Direct labour		1.10
Variable manufacturing overhead		1.25
Variable selling and administrative expenses		2.10

Annual fixed costs and expenses:
Manufacturing overhead		$50,000
Selling and administrative expenses		40,000

Yo Inc. will invest $1,000,000 for this new launch and would like to earn a 28.40% return on its investment. The old model of yo-yo sells for $9.04.

Calculate

i) Total Cost Per Yoyo

ii)Desired ROI per yoyo

iii)Markup Percentage

iv)Target price Per yoyo

ii)