Lockeed marretta company is exploring the possibility of introducing a new product. lockeed has developed the following data in order to determine a selling price for that new product. number of units to be produced and sold each year 16,500 unit product cost $ 50 projected annual selling and administrative expenses $ 60,000 estimated investment required by the company $ 530,000 desired return on investment (roi) 20 %the absorption costing approach to cost-plus pricing is used at lockeed marretta company for such decisions. compute the markup required to achieve the desired roi. (round your required roi answers to the nearest whole percentage (i. e, 0.1234 should be entered as 12). round your "markup percentage" answers to 2 decimal places (i. e., 0.1234 should be entered as 12.