Please answer with solution steps.

ng informaton: thered he ala Martin Company is cons derng the r troducton ofa new product. Todate mne a scling price, the company has 0,500 Number of unics to be pruduced and sud eath year Unr: preduct cost istae axnses S 400,0CO Eatimslad inveetent required by the compeny Desred relurn on irvesurent (ROI 20% -plus pricing. costing approach to oast should be The company uses the absarption Pecentage entered as should be Required: 1. Camaute the markup required to achivc the desired ROl. ( (Round your Re quired ROI answers to the nearest whole percentage (ie, 0.1234 should be entered as 12). Round your "Markup Percentage answers to 2 decimal places (Le., 0.1234 should be entered as 12.34)) Raquired RO Seling and administrat ve expenses Total producson cosl LInitl procact cast par unit otal sales Markup percerlage 2. Corpute the eelling price per uniL (Round your intermediate and final answers to 2 decimal places.) Unt procuct cos: Markup Seling price pe unil