2) The ABC Company is located in Toronto, Ontario. Several years ago, the company made a large investment into automating their factory. The company has variable manufacturing costs of $15 per unit and fixed manufacturing costs of $5 per unit. Variable selling and administrative costs are $2 per unit and fixed selling and administrative costs are $1 per unit. The company wants to earn a 30% investment on their $1 million investment. The company is projecting sales of 10,000 units. Calculate the mark-up in the determination of the selling price using total cost plus pricing method. Explain why it is important to add a mark up to your base price